French leading index decreased in May, dragged by production expectations and new orders, results of a survey by the Conference Board showed Friday.
The Conference Board leading index, an indicator of future economic expectations, fell 0.2 percent month-on-month in May. This follows a revised 0.1 percent rise in April.
Among the sub-indices, the decline in production expectations and industrial new orders more than offset the large positive contributions from yield spreads, building permits, new unemployment claims and the stock price index.
The Conference Board coincident index, a measure of current economic activity, decreased 0.1 percent in May, after remaining unchanged in April.
Wages and salaries increased in May, while industrial production and employment declined. Personal consumption of manufactured goods remained unchanged in May.
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