The leading index for Germany, which measures the future economic activity, increased at a stable pace in February, figures from the Conference Board showed Tuesday.
The leading economic index climbed 0.4 percent in February, the same rate of rise as in the previous month. It was the fourth consecutive monthly increase.
In the six months to February, the index rose 1.9 percent, a reversal from its decrease of 2.2 percent over the prior six months.
Out of the seven components, five contributed positively to the index in February.
The coincident index that reflects the current economic situation, edged up 0.1 percent in February, following a 0.2 percent climb in January. Three of the four components gained in February.
Taken together, the recent behavior of the composite indexes suggests that the economy should continue to expand in the near-term, and the pace of growth may even improve, the Conference Board
said.
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