Germany's leading index declined for the third consecutive month in June, data from a survey by the Conference Board showed Tuesday.
The leading economic index decreased by 0.8 percent on a monthly basis to 103.2 in June, marking the third consecutive decline.
Negative contributors to the index were stock prices, new residential construction orders, new orders in investment goods industries and consumer confidence. The positive contributions came from the yield spread, inventory change, and gross enterprises and properties income.
At the same time, the coincident economic index, which measures the current situation, edged down by 0.1 percent sequentially to 107, driven mainly by the negative contribution from industrial production.
In the six-month period ending June, the leading index decreased by 0.3 percent, while the coincident index increased by 0.5 percent, data showed.
by RTT Staff Writer
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