Germany's Leading Economic Index Posts Third Straight Gain

For the third consecutive month, the Conference Board's index of leading economic indicators for Germany rose in August, the most recent month for which data are available. Including August's two-tenths percent gain, the index stands at 104.6 (1990=100).

Inflation-adjusted GDP growth, however, actually slowed to a to a 0.04% annual rate in the second quarter of this year, down from a 3% rate in the fist quarter but better than the four-tenths-percent rate of contraction during the second half of 2004.

"The slight improvement in the leading index in recent months suggests that the [German] economy should continue to grow moderately in the near term," says the Conference Board, a New York-based business research group.

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