facebook
twitter
rss
account
search
search
 

Germany's leading indicator index rises slightly

Aug. 20, 2013 at 3:38 PM   |   Comments

FRANKFURT, Germany, Aug. 20 (UPI) -- The leading economic indicator index for Europe's largest economy, Germany, rose by 0.2 percent in June, the Conference Board said Tuesday.

The economic research firm said that among component measures, the largest gains were made in new orders for goods industries and consumer confidence.

Over six months, Germany's LEI rose 2 percent, which equates to an annual rate of about 4.1 percent, the Conference Board said.

Six of seven component indexes increased in the month with yield spreads, new orders in investment goods industries, consumer confidence, inventories, orders for new construction projects and gross enterprises and properties income.

Stock prices was the only one in decline in July, the research firm said.

The LEI for Germany now stands at 105.4. The index uses 2004 as a base year, assigning that year a value of 100.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
2
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
3
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
4
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
5
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
Trending News
Video
x
Feedback