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Article: The Leading Index for Germany Declined 1.0 Percent
- Article from:
- US Fed News Service, Including US State News
- Article date:
- July 22, 2008
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The Conference Board issued the following news release:
The Conference Board announced today that the leading index for Germany declined 1.0 percent and the coincident index decreased 0.3 percent in May.
The leading index declined for an eighth consecutive month as large negative contributions from new orders in investment goods industries and the consumer confidence index more than outweighed the positive contribution of the stock price index in May. Since November, the leading index has declined by 4.3 percent (about a -8.5 percent annual rate), well below the -0.2 percent annual rate of decline for the previous six months from May to November 2007. Additionally, the weaknesses among the ...