The Conference Board Leading Economic Index® (LEI) for Germany declined 0.2 percent in July to 109.6 (2004 = 100), following a 0.3 percent decline in June, and a 0.2 percent increase 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 108.6 (2004 = 100), following a 0.1 percent increase in June, and a 0.1 percent decrease in May.
The LEI for Germany fell again in July following a moderate decline in June, and its six-month growth rate has considerably slowed in recent months. Meanwhile, the CEI has improved slightly throughout this year, and as a result its six-month growth rate remains positive. Taken together, the recent behavior of the composite indexes suggests that the pace of economic growth is unlikely to accelerate much in the near-term.