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

NEW YORK, Sept. 9 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Japan declined 0.1 percent in July to 101.4 (2004 = 100), following a 1.4 percent decline in June, and a 0.5 percent decline in May.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, increased 0.6 percent in July to 99.9 (2004 = 100), following a 0.3 percent increase in June, and a 0.1 percent decline in May.

The Conference Board LEI for Japan has declined for three consecutive months, and its six-month growth rate has continued to fall at a rapid pace. In addition, the six-month growth rate in The Conference Board CEI for Japan has also slowed in recent months. Taken together, the behavior of the composite indexes suggests that the economy will continue to recover, but the pace of the recovery will likely remain modest in the near term.

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:

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=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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