German Leading Index Rises For Third Month: Conference Board
Friday, 24 February 2012 | 00:00
Germany's leading economic indicator increased for the third consecutive month in December, data from a survey by Conference Board showed Thursday.
The leading economic index increased to 103.9 in December from 103.6 in November. In October, the reading was 103.5. The latest growth in the index was the third in a row.
The positive contributors to the leading index were new orders in investment goods industries, new residential construction orders, the yield spread, consumer confidence, inventory change, stock prices, and gross enterprises and properties income.
Meanwhile, the coincident economic index, which measures the current situation, dropped to 106.3 in December from 106.5 in the previous month.
In the six months ended December, the leading index dropped 2.6 percent, while the coincident index remained unchanged, data showed.
Source: RTT News
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