A leading indicator of the German economy increased for the third successive month in February, helped mainly by positive contributions from the yield spread and new orders in investment goods industries, data from a survey by the Conference Board showed Wednesday.
The leading economic index increased 0.3 percent month-on-month to 103.7 in February, after gaining 0.4 percent and 0.5 percent in January and December respectively.
Positive contributions to the leading index came from the yield spread, new orders in investment goods industries, consumer confidence and new residential construction orders and inventory change.
The strengths among the leading indicators have been more widespread than the weaknesses in recent months, data showed.
The coincident economic index, which measures the current situation, edged up 0.1 percent sequentially to 107.1 in February, after rising 0.3 percent in January.
During the six months ended February, the leading index rose 0.5 percent, while the coincident index decreased by 0.3 percent, data showed.
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