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Leading Economic Index® (LEI) for France Increased

Global News - Europe

NEW YORK – The Conference Board Leading Economic Index® (LEI) for France increased 0.1 percent in April to 111.3 (2010 = 100), following an increase of 0.4 percent in March, and an increase of 0.2 percent in February.

At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, was unchanged in April at 100.4 (2010 = 100), following no change in March, and a 0.1 percent increase in February.

The LEI continued to improve through April, with the majority of its components advancing. As a result, its six-month growth rate is slightly above its rate from six months ago. Meanwhile, the CEI had been moderately improving over the same period. Taken together, the behavior of the composite indexes suggests that the current expansion in the economy is likely to continue through the fall.

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

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