The Conference Board Leading Economic Index® (LEI) for Germany remains unchanged

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Nov 21, 2014, 04:00 ET

BRUSSELS, Nov. 21, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index^® (LEI) for Germany was unchanged in September at 107.5 (2004 = 100), following a 1.3 percent decline in August, and a 0.4 percent decline in July.

At the same time, The Conference Board Coincident Economic Index^® (CEI) for Germany, a measure of current economic activity was also unchanged in September at 108.3 (2004 = 100), following a 0.3 percent decline in August, and a 0.1 percent increase in July.

The LEI was unchanged in September, and the declines in its six-month growth rate have eased and may be stabilizing. Meanwhile, the CEI has been essentially flat for the past six months. Taken together, the recent behavior of the composite indexes suggests that economic activity is likely to continue at its current moderate pace into early 2015.

About The Conference Board Leading Economic Index^®(LEI) for Germany
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.

The seven components of The Conference Board Leading Economic Index^® for Germany include:

New Orders, Investment Goods
Yield Spread cumulated, 10 year minus 3 month
Change in Inventories
Gross Enterprise and Property Income
Stock Prices
New Orders, Residential Construction
Consumer Confidence Index

About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=4

For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm

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Summary Table of Composite Indexes
	2014						6-month
	Jul		Aug		Sep		Mar to Sep

Leading Economic Index (LEI)	108.9	p	107.5	p	107.5	p
Percent Change	-0.4	p	-1.3	p	0.0	p	-1.9	p
Diffusion	42.9		28.6		64.3		42.9

Coincident Economic Index (CEI)	108.6		108.3		108.3
Percent Change	0.1	r	-0.3		0.0		0.0
Diffusion	50.0		37.5		62.5		25.0

n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board All Rights Reserved