The leading Index for France, which measures the future economic activity, increased in January, after remaining unchanged in the previous month, survey figures from Conference Board showed Wednesday.
The Conference Board leading economic index rose 0.2 percent in January, after staying flat in December. In November, the index had risen 0.1 percent.
Out of the seven components, four contributed positively to the index in January.
Positive contributions from production expectations, stock prices and the yield spread more than offset negative contributions from building permits and industrial new orders.
In the July to January period, the leading economic index climbed 0.7 percent, up from 0.4 percent over the previous six-month period.
The coincident index that reflects the current economic activity rose 0.1 percent in January, the same rate of increase as each in November and December. Three of the four components gained in January.
Taken together, the composite indexes suggest that the expansion of the economy will continue in the near term, and its pace may even gradually pickup, the Conference Board said.
The material has been provided by InstaForex Company – www.instaforex.com