The Conference Board Leading Economic Index(R) (LEI) for France Remains Unchanged

PR Newswire

BRUSSELS, Aug. 22, 2014

BRUSSELS, Aug. 22, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index(R) (LEI) for France was unchanged in June, remaining at 117.7 (2004 = 100), following a 0.2 percent decline in May, and no change in April.

At the same time, The Conference Board Coincident Economic Index(R) (CEI) for France, a measure of current economic activity, increased 0.1 percent in June to 103.7 (2004 = 100), following no change in May, and no change in April.

The Conference Board LEI for France has been virtually unchanged in the first half of this year, and its six-month growth rate, while much slower compared to six months ago, remains slightly positive. Meanwhile, the CEI has been relatively flat for over two years, and its six-month growth rate remains marginally above zero. Taken together, the recent behavior of the composite indexes suggests that the pace of economic activity in France is not likely to change much in the months ahead.

About The Conference Board Leading Economic Index(R) (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 ofThe Conference Board Leading Economic Index(R) 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

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For more information about The Conference Board global business cycle indicators:

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 entityholding 501 (c) (3) tax-exempt status in the United States.

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Summary Table of Composite Indexes

2014 6-month


Apr May Jun Dec to Jun

Leading Economic Index (LEI) 117.9 p117.7 p117.7 p

Percent Change 0.0 p -0.2 p 0.0 p 0.2 p

Diffusion 71.4 57.1 50.0 28.6

Coincident Economic Index

(CEI) 103.6 p103.6 p103.7 p

Percent Change 0.0 p 0.0 p 0.1 p 0.1 p

Diffusion 62.5 37.5 87.5 37.5

n.a. Not available p Preliminary r Revised

Indexes equal 100 in 2004

Source: The Conference Board All Rights Reserved

SOURCE The Conference Board

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(END) Dow Jones Newswires

August 22, 2014 04:15 ET (08:15 GMT)

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