The Conference Board Leading Economic Index® (LEI) for Germany was unchanged in September at 107.5 (2004 = 100), following a 1.3 percent decline in August, and a 0.4 percent decline in July.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity was also unchanged in September at 108.3 (2004 = 100), following a 0.3 percent decline in August, and a 0.1 percent increase in July.
The LEI was unchanged in September, and the declines in its six-month growth rate have eased and may be stabilizing. Meanwhile, the CEI has been essentially flat for the past six months. Taken together, the recent behavior of the composite indexes suggests that economic activity is likely to continue at its current moderate pace into early 2015.