From the Wires
The Conference Board Leading Economic Index® (LEI) for Japan Declines
By: PR Newswire
Nov. 13, 2012 08:00 PM
NEW YORK, Nov. 13, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Japan declined 0.4 percent in September to 93.6 (2004 = 100), following a 0.5 percent decline in August, and a 0.9 percent decline in July.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, declined 0.7 percent in September to 95.8 (2004 = 100), following a 0.1 percent decline in August, and a 0.3 percent decline in July.
The Conference Board LEI for Japan has been falling for the past six consecutive months, and is now at about the same level as April of last year, following the earthquake/tsunami disaster. At the same time, The Conference Board CEI for Japan also declined in September, its third consecutive decline, and its six-month change remains negative. Taken together, the composite indexes and their components suggest that the rate of economic growth is likely to remain very slow in the near term, and that the risk of an economic downturn continues to rise.
About The Conference Board Leading Economic Index® (LEI) for Japan
The ten components of The Conference Board Leading Economic Index® for Japan include:
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For more information about The Conference Board global business cycle indicators:
About The Conference Board
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