From the Wires
The Conference Board Leading Economic Index® (LEI) for Japan Increases
By: PR Newswire
Feb. 12, 2013 08:00 PM
NEW YORK, Feb. 12, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Japan increased 0.1 percent in December to 91.7 (2004 = 100), following a 0.2 percent decline in November, and a 0.5 percent decline in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, decreased 0.2 percent in December to 95.7 (2004 = 100), following a 0.3 percent decline in November, and a 0.4 percent increase in October.
The Conference Board LEI for Japan has been declining since early 2012, and as a result its six-month growth rate has remained in negative territory. At the same time, The Conference Board CEI for Japan also declined — and has been on a downward trend since February 2012. Taken together, the composite indexes and their components suggest that the current economic downturn is likely to continue in the near term.
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: http://www.conference-board.org/data/bci.cfm
About The Conference Board
SOURCE The Conference Board
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