Conference Board: Leading index shows French economy slowed in February

Nathan Andrada – Fourth Estate Cooperative Contributor

Paris, France (4E) – A leading economic index for France by the Conference Board fell in February, after rising in the last four months, according to data released Friday.

Recent indicators indicate that France’s economy is likely to improve slightly through the first half of the year, according to the Conference Board.

The leading economic index fell 0.3 percent in February, compared with a gain of 0.4 percent in the earlier month, the think-tank’s report showed. The index climbed 0.3 percent in December.

Fallings figures for building permits and new unemployment claims caused the latest drop in the leading index.

The coincident index, which is a gauge of the current economic situation, increased 0.1 percent in February, a reversal of January’s 0.1 percent decline. The index rose 0.1 percent in December.

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