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Germany's Economic Growth To Continue In Near-Term: Conference Board

Germany's leading index increased for the fourth successive month in January, suggesting that the current expansion in economic activity will continue in the near term, survey data published by the Conference Board revealed Friday.

The leading economic index advanced 0.2 percent sequentially to 128.3 in January, after growing 0.9 percent in December and 0.3 percent in November.

All the seven components the constitute the leading index increased in January, with the biggest contributions coming from the yield spread, investment goods and new orders.

Conference board further noted that the coincident economic index, which measures the current situation, moved up 0.2 percent month-on-month to 123.7 in January. This followed increases of 0.1 percent and 0.2 percent respectively in December and November.

During the six months ended January, the leading index logged a 2.3 percent expansion, and the coincident index recorded a 0.8 percent rise.

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