The Conference Board Leading Economic Index® (LEI) for Germany declined 0.2 percent in August to 108.2 (2010 = 100), following a 0.3 percent increase in July, and a 0.3 percent decline in June.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, was unchanged in August, remaining at 105.8 (2010 = 100), following a 0.3 percent increase in July, and a 0.1 percent decline in June.
In August, the LEI declined for the fourth time over the past five months, and as a result its six-month growth rate has contracted for the first time this year. Meanwhile, the CEI was unchanged in August, and its six-month growth rate has moderated. Taken together, the recent behavior of the composite indexes suggests that the expansion in the economy is likely to continue at a modest pace in the near-term.
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