France Leading Index Falls For Second Month
Saturday, 21 July 2012 | 00:00
The French leading economic index fell 0.2 percent each in May and April after rising 0.4 percent in March, the Conference Board reported Friday.
Data showed that only two of the seven components of the leading economic index increased in May. During the six-month span through May, the index increased 0.9 percent.
Meanwhile, the coincident index has been mostly flat during the last twelve months. The coincident index, a measure of current economic activity, gained 0.1 percent in May.
Taken together, the recent behavior of the composite economic indexes suggests that economic growth in France may continue in the near term, but it is unlikely to pick up, the board said.
Source: RTT News
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