Germany's leading economic indicator decreased for the second consecutive month in May, hurt mainly by negative contributions from stock prices and new residential construction orders, data released by the Conference Board showed Tuesday.
The leading economic index dropped 0.1 percent to 104.3 in May, after decreasing 0.5 percent in the previous month.
The negative contributors to the leading index were were stock prices and new residential construction orders. The positive contributors were consumer confidence, new orders in investment goods industries, the yield spread, inventory change and gross enterprises and properties income.
Meanwhile, the coincident economic index, which measures the current situation, edged up 0.1 percent month-on-month to 107.2 during the month. This followed a 0.2 percent decrease in the previous month.
In the six months ending May, the leading index increased by 1.7 percent, while the coincident index increased 0.7 percent, data showed.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.