From the Wires
The Conference Board Leading Economic Index® (LEI) for Japan Declines
By: PR Newswire
Jan. 10, 2013 08:00 PM
NEW YORK, Jan. 10, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Japan declined 0.2 percent in November to 91.7 (2004 = 100), following a 0.4 percent decline in October, and a 0.6 percent decline in September.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, decreased 0.2 percent in November to 96.1 (2004 = 100), following a 0.5 percent increase in October, and a 0.7 percent decline in September.
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:
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For more information about The Conference Board global business cycle indicators:
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