Interviews
Coincident Index remains unchanged in June
27 Aug '07
2 min read
The Conference Board announced that the leading index for Germany increased 0.6 percent and the coincident index remained unchanged in June.
• The leading index increased again in June for the seventh consecutive month. New orders in investment goods industries and the stock price index continued to contribute substantially to this positive growth in the leading index.
With June's gain, the six-month growth rate of the leading index rose sharply to 3.1 percent (a 6.2 percent annual rate) in June, up from a 0.5 percent growth rate through January (about a 1.0 percent rate). In addition, the strengths among the leading indicators have continued to be more widespread than the weaknesses in recent months.
• The coincident index was unchanged in June, and there were slight upward revisions to the previous five months as a result of data revisions in the industrial production and employment components.
In June, the strengths and weaknesses among the coincident indicators were balanced, as small increases in employed persons and retail trade offset equally small declines in industrial production and manufacturing sales.
• The growth rate of the leading index picked up sharply in recent months, following a slowdown in the second half of 2006. At the same time, real GDP grew at a 1.6 percent average annual rate in the first half of 2007 (including a 1.0 percent rate in the second quarter), below the 3.5 percent average annual rate in the second half of 2006.
• The leading index increased again in June for the seventh consecutive month. New orders in investment goods industries and the stock price index continued to contribute substantially to this positive growth in the leading index.
With June's gain, the six-month growth rate of the leading index rose sharply to 3.1 percent (a 6.2 percent annual rate) in June, up from a 0.5 percent growth rate through January (about a 1.0 percent rate). In addition, the strengths among the leading indicators have continued to be more widespread than the weaknesses in recent months.
• The coincident index was unchanged in June, and there were slight upward revisions to the previous five months as a result of data revisions in the industrial production and employment components.
In June, the strengths and weaknesses among the coincident indicators were balanced, as small increases in employed persons and retail trade offset equally small declines in industrial production and manufacturing sales.
• The growth rate of the leading index picked up sharply in recent months, following a slowdown in the second half of 2006. At the same time, real GDP grew at a 1.6 percent average annual rate in the first half of 2007 (including a 1.0 percent rate in the second quarter), below the 3.5 percent average annual rate in the second half of 2006.
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