The Conference Board Leading Economic Index® (LEI) for Germany increased 0.4 percent in November to 106.2 (2010 = 100), following a 0.1 percent decline in October, and a 0.2 percent increase in September.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, increased 0.2 percent in November to 104.9 (2010 = 100), following a 0.3 percent increase in October, and a 0.1 percent increase in September.
The LEI has improved moderately over the past three months, after declining sharply from June through August. However, its six-month growth rate remains negative. Meanwhile, the CEI has improved marginally over the past six months with strengths widespread among its components. Taken together, the behavior of the composite indexes suggests that the economy should continue to improve at a moderate pace in the near-term, but downside risks still remain.
