The Conference Board Leading Economic Index® (LEI) for Germany declined 0.1 percent in May to 109.6 (2010 = 100), following a 0.1 percent increase in April, and a 0.6 percent increase in March.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, was unchanged in May, remaining at 105.5 (2010 = 100), following a 0.3 percent increase in April, and no change in March.
Despite a small decline in May, the LEI has improved substantially over the past six months and the strengths among its components are widespread. Meanwhile, the CEI has been improving very modestly over the same time period. Taken together, the recent behavior of the composite indexes suggests that the economy should continue to expand in the near-term.
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