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CPI Unexpectedly Declines In December

The Conference Board's index of leading economic indicators for France was unchanged in November 2004, the latest month for which data are available. The index stood at 105.6 (1990=100).

The growth rate of the leading index has slowed to a 2% to 3% annual rate in recent months, that "is still consistent with [France's] real GDP increasing at about its trend rate in the near term," the New York-based business research group says. "As a result, the behavior of the leading index in recent months suggests that economic growth should pick up in the near term from its no growth in the third quarter [of 2004]."

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