Press Release: The Conference Board Leading Economic Index(R) for India Remained Unchanged In June

 
 
Summary Table of Composite Economic Indexes 
 
                                             2015             6-month 
                                   Apr       May      Jun     Dec to Jun 
 
Leading Economic Index             103.2    r101.9   r101.9  p 
 Percent Change                    1.4      r-1.3     0.0    p-1.0 
 Diffusion                         50.0      25.0     56.3    50.0 
 
Coincident Economic Index          109.5    r108.5   r109.6  p 
 Percent Change                    3.5      r-0.9     1.0    p0.6 
 Diffusion                         66.7      33.3     66.7    33.3 
 
n.a. Not available    p Preliminary    r Revised 
Indexes equal 100 in 2010 
Source: The Conference Board              All Rights Reserved 
 

        The Conference Board Leading Economic Index(R) for India Remained Unchanged in June
        PR Newswire
        MUMBAI, India, July 20, 2015
        MUMBAI, India, July 20, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index(R) (LEI) for India was unchanged in June at 101.9 (2010 = 100), following a 1.3 percent decline in May and a 1.4 percent increase in April. Industrial production: capital goods, cargo handled, the real effective exchange rate (36 countries), merchandise exports, and the interest rate spread contributed positively to the index in June. However, the PMI: services business activity index and the SENSEX stock prices index contributed negatively, offsetting the positive gains.
        "The flatness in the Leading Economic Index in June and the volatility of recent months suggest India's short-term economic growth environment will remain challenging," said Jing Sima, Senior Economist at The Conference Board. "The service sector and equity market indicators continue contracting despite low energy prices and stimulative policies. In addition, the pickup in consumer prices and depreciation in currency, if sustained, will limit room for India's central bank to take on further monetary easing measures."
        The Conference Board Coincident Economic Index(R) (CEI) for India, which measures current economic activity, increased 1.0 percent in June to 109.6 (2010 = 100), following a 0.9 percent decline in May and a 3.5 percent increase in April. Two of the three components contributed positively to the index in June.
        The Conference Board LEI for India aggregates eight economic indicators that measure economic activity in India. Each of the LEI components has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called "noise" to show underlying trends more clearly.
        About The Conference Board Leading Economic Index(R) (LEI) for India
        The Conference Board Leading Economic Index(R) for India was launched in September 2013. Plotted back to April 1990, this index has successfully signaled turning points in the economic cycles of India. The Conference Board also produces LEIs for Australia, Brazil, China, the Euro Area, France, Germany, Japan, Korea, Mexico, Spain, the United Kingdom, and the United States.
        The eight components of The Conference Board Leading Economic Index(R) (LEI) for India include:
        Interest Rate Spread (10-Year Government Bond minus 91-Day Treasury Bill) (RBI)
        Stock Prices: SENSEX Average (Bombay Stock Exchange Limited)
        Real effective exchange rate index, 36 countries (RBI)
        Real Money Supply: M3 Bank Credit to Commercial Sector (RBI)
        Merchandise Exports, f.o.b. (Ministry of Commerce and Industry)
        Cargo Handled: Domestic and International (Airport Authority of India)
        IP: Capital Goods (Central Statistical Organization)
        PMI: Services Business Activity (HSBC/Markit)
        For more information including full press release and technical notes:
        https://www.conference-board.org/data/bcicountry.cfm?cid=13
        To view The Conference Board calendar of 2015 indicator releases:
        http://www.conference-board.org/data/
        About The Conference Board
        The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. For additional information about The Conference Board and how it can meet your needs, visit our website at www.conference-board.org.
        To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-conference-board-leading-economic-index-for-india-remained-unchanged-in-june-300115345.html
        SOURCE The Conference Board
        /Web site: http://www.conference-board.org
        (END) Dow Jones Newswires

        July 20, 2015 00:30 ET (04:30 GMT)

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