European Economic News

German Leading Index Rises Further: CB

Germany's leading index continued to climb in March led by the yield spread, stock price index and new orders in investment goods industries components, survey data released by the Conference Board showed on Thursday.

The Conference Board Leading Economic Index for Germany rose 0.3 percent in March to 103.9. The pace of increase was unchanged from February. In the six months to

March, the index increased 1.3 percent, with six of the seven components rising. In the previous six months, the index declined 2.9 percent.

"The strengths among the leading indicators have been more widespread than the weaknesses in recent months," the think tank said.

The coincident index rose 0.2 percent, after holding steady in February. The improvement was driven by industrial production, employment and manufacturing sales.

by RTTNews Staff Writer

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