Germany's leading economic indicator increased for the third consecutive month in February, data from a survey by Conference Board showed Monday.
The leading economic index increased 0.4 percent month-on-month to 104.5 in February, marking the third consecutive growth. However, the rate of growth was slower compared to the previous two months.
The positive contributors to the leading index were were stock prices, new residential construction orders, the yield spread, and inventory change.
Meanwhile, the coincident index, which measures current conditions, edged down 0.1 percent sequentially to 106.8 during the month.
In the six months ended February, the leading index remained unchanged, while the coincident index moved up 0.3 percent, marking the first growth in in seven months.
by RTT Staff Writer
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