Global Leading Indicators

The Conference Board Leading Economic Index® (LEI) for France Increased in January 

The Conference Board Leading Economic Index^®(LEI) for France increased 0.2 percent in January 2022 to 106.6 (2016=100), following a 0.2 percent decline in December. The LEI grew by 0.6 percent in the six-month period from July 2021 to January 2022.

 The Conference Board Coincident Economic Index^® (CEI) for France increased 0.2 percent in January 2022 to 107.1 (2016=100). The CEI grew by 1.4 percent in the six-month period between July 2021 to January 2022.

“The January gain in the LEI for France suggested slower economic growth, due primarily to rising unemployment claims and weakening production expectations in manufacturing,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “However, these latest results do not reflect the impact of the Russian invasion of Ukraine, which could result in slower-than-anticipated economic growth in the first half of the year.”

 France LEI rose in four of the last six months consistent with a slow growth outlook, but downward risks have emerged as a result of the Ukraine crisis

Recent behavior of the leading indicators points to continued, but slower, economic growth which faces headwinds from the Ukraine crisis

About The Conference Board Leading Economic Index^® (LEI) for France: The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The indexes are constructed to summarize and reveal common turning points in the economy in a clearer and more convincing manner than any individual component. The CEI is highly correlated with real GDP. The LEI is a predictive variable that anticipates (or “leads”) turning points in the business cycle by 9 months. Shaded areas denote recession periods or economic contractions. The dates above the shaded areas show the chronology of business cycle peaks and troughs in the business cycle.

The seven components of The Conference Board Leading Economic Index^® for France include: Yield Spread, Stock Price, Building Permits, New Unemployment Claims, Industrial New Orders, Industry Survey: Production Expectations, and Ratio Price/Labor Cost.

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