The Conference Board Leading Economic Index® (LEI) for Japan Declines

NEW YORK, Jan. 11, 2011 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Japan declined 0.6 percent in November to 93.7 (2004 = 100), following a 1.4 percent decline in October, and a 0.6 percent decline in September.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, declined 0.2 percent in November to 97.2 (2004 = 100), following a 0.9 percent decline in October, and a 0.2 percent decline in September.

The Conference Board LEI for Japan continued to fall in November and the weaknesses among the leading indicators have been widespread. As a result, its six-month growth rate remains negative. At the same time, The Conference Board CEI for Japan has been decreasing with widespread weaknesses among its components. Taken together, the behavior of the composite indexes continues to suggest that economic activity may weaken further in the coming months.

About The Conference Board Leading Economic Index® (LEI) for Japan

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 ten components of The Conference Board Leading Economic Index® for Japan include:

For more information including full press release and technical notes: http://www.conference-board.org/data/bcicountry.cfm?cid=5

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

About The Conference Board

The Conference Board is an 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.  www.conference-board.org.

SOURCE The Conference Board

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