The Conference Board Leading Economic Index® (LEI) for Germany declined 0.1 percent in June to 110.1 (2004 = 100), following a 0.1 percent increase in May, and a 0.2 percent increase in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, increased 0.2 percent in June to 108.4 (2004 = 100), following a 0.2 percent decline in May, and a 0.1 percent increase in April.
In June, the LEI for Germany declined marginally for the first time since the fourth quarter of last year, but its six-month growth rate was unchanged compared to six months ago. Meanwhile, the CEI has been improving moderately over the first half of this year, and as a result its six-month growth rate has improved. Taken together, the recent behavior of the composite indexes suggests that the current economic expansion should continue into the second half of 2014, although the pace of growth is unlikely to accelerate.
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