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SOURCE The Conference Board
BRUSSELS, April 22, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for France increased 0.6 percent in February to 114.5 (2004 = 100), following a 0.4 percent increase in January, and a 0.3 percent decrease in December.
At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, was unchanged in February at 103.9 (2004 = 100), following a 0.2 percent decrease in January, and a 0.2 percent increase in December.
The LEI for France improved for the second consecutive month, and its six-month growth rate remains in positive territory. However, the CEI for France has been on a downward trend for more than a year and the weaknesses among its components are widespread. Taken together, the recent behavior of the composite indexes suggests that economic activity may begin improving slowly in the near term.
About The Conference Board Leading Economic Index® (LEI) for France 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 France include:
Yield Spread, 10 year minus Day-Day Loan Stock Price SBF 250 Index Building Permits, residential New Unemployment Claims Industrial New Orders Production Expectations Ratio Deflator of Manufacturing Value Added to Unit Labor Cost
About The Conference Board The Conference Board is an independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith 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.