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Article: The Leading Index for Germany Declined 1.1 Percent

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Targeted News Service
Article date:
November 19, 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 1.1 percent and the coincident index decreased 0.4 percent in September.

* The leading index declined for the eleventh consecutive month in September, led by large negative contributions from new orders in investment goods industries, stock prices, and the yield spread. Over the past six months, the leading index has declined by 4.8 percent (about a -9.3 percent annual rate), well below its 2.7 percent decline between September 2007 and March 2008 (about a -5.4 percent annual rate). In addition, the weaknesses among the leading indicators remain very ...

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