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The Conference Board Leading Economic Index (LEI) for France increased 0.4 percent in June to 112.5 (2010 = 100), following a 0.2 percent increase in May, and a 0.2 percent increase in April.
At the same time, The Conference Board Coincident Economic Index (CEI) for France, a measure of current economic activity, remained unchanged in June at 100.8 (2010 = 100), following a 0.1 percent increase in May, and no change in April.
The LEI remains on an upward trend, and as a result its six-month growth rate has improved from six months ago. Meanwhile, the CEI has been growing at a very modest pace over the same period. Despite no economic growth in the second quarter, the behavior of the composite indexes suggests that the economy is likely to improve in the final months of 2015.
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.