NEW YORK, April 13, 2018 /PRNewswire/ -- The Conference Board Leading Economic Index®(LEI) for Germany decreased 0.1 percent in February 2018 to 103.4 (2016=100).
The Conference Board Coincident Economic Index®(CEI) for Germany decreased 0.2 percent in February 2018 to 102.9 (2016=100).
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 â primarily because they smooth out some of the volatility of individual components.
The updated data tables can be found here.
The 2018 data release schedule is available here.
For more information about The Conference Board global business cycle indicators, click here.
ABOUT THE CONFERENCE BOARD
The Conference Board is a global, 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. Winner of the Consensus Economics 2016 Forecast Accuracy Award (U.S.), 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
NOTE: Please note that the Germany LEI and CEI, which were initially released on March 14, 2018, have been revised. The revisions were the result of a processing error in the data reported by the Federal Statistical Office for Germany for the retail sales component. While the impact of the error on the LEI and CEI was small, The Conference Board has decided to reissue the underlying database of components and the composite indexes. The Federal Statistical Office for Germany has corrected the data going back to 2015. As a result, the revised indexes, in levels and month-on-month changes, will not be directly comparable to those issued prior to the April 3, 2018 benchmark revision. For more information, please visit our website at http://www.conference-board.org/data/bci.cfm or contact us at firstname.lastname@example.org.
View original content with multimedia:http://www.prnewswire.com/news-releases/the-conference-board-leading-economic-index-lei-for-germany-declined-300629526.html
SOURCE The Conference Board