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The Conference Board Leading Economic Index® (LEI) for Japan Declines
By: PR Newswire
Dec. 11, 2012 08:00 PM
NEW YORK, Dec. 11, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Japan declined 0.5 percent in October to 92.7 (2004 = 100), following a 0.5 percent decline in September, and a 0.6 percent decline in August.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, increased 0.7 percent in October to 96.8 (2004 = 100), following a 0.7 percent decline in September, and a 0.1 percent decline in August.
The Conference Board LEI for Japan has been declining since April of this year, and as a result its six-month growth rate has fallen deeper into negative territory. At the same time, The Conference Board CEI for Japan increased in October for the first time in four months, but its six-month change remains negative as well. Taken together, the composite indexes and their components suggest that the downturn in the economy may continue in the coming months.
About The Conference Board Leading Economic Index® (LEI) for Japan
The ten components of The Conference Board Leading Economic Index® for Japan include:
For more information including full press release and technical notes:
For more information about The Conference Board global business cycle indicators:
About The Conference Board
SOURCE The Conference Board
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