French Leading Index Falls In June

(RTTNews) - A leading indicator of the French economy fell for the first time in over a year in June, dampening the prospects for Europe's second largest economy.

The Conference Board leading index declined 0.3% in June from May, reversing the 0.2% increase in the previous month. Six of the seven components of the index declined in June, led by production expectations, building permits, and industrial new orders.

Meanwhile, the coincident index, which is a measure of current economic activity, fell 0.1% in June as a result of decreasing industrial production and personal consumption of manufactured goods. This follows a 0.3% increase in May.
Positive contributions to the index came from wages & salaries, and employment.