The Conference Board Leading Economic Index® (LEI) for Germany declined 0.1 percent in July to 108.0 (2010 = 100), following a 0.3 percent decline in June, and a 0.3 percent decline in May.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, increased 0.2 percent in July to 105.7 (2010 = 100), following a 0.1 percent decline in June, and no change in May.
In July, the LEI registered its fourth consecutive monthly decline, and as a result its six-month growth rate was unchanged compared to the second half of last year. Meanwhile, the CEI edged up in July, and its six-month growth rate has moderated. Taken together, the recent behavior of the composite indexes suggests that the expansion in the economy may continue in the near-term, but the pace of growth is unlikely to accelerate considerably.
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