Latest Press Release
Please download related PDFs on the upper right corner of this page.
Released: Monday, July 20, 2015
The Conference Board Leading Economic Index® (LEI) for India was unchanged in June at 101.9 (2010 = 100), following a 1.3 percent decline in May and a 1.4 percent increase in April. Industrial production: capital goods, cargo handled, the real effective exchange rate (36 countries), merchandise exports, and the interest rate spread contributed positively to the index in June. However, the PMI: services business activity index and the SENSEX stock prices index contributed negatively, offsetting the positive gains.
“The flatness in the Leading Economic Index in June and the volatility of recent months suggest India’s short-term economic growth environment will remain challenging,” said Jing Sima, Senior Economist at The Conference Board. “The service sector and equity market indicators continue contracting despite low energy prices and stimulative policies. In addition, the pickup in consumer prices and depreciation in currency, if sustained, will limit room for India’s central bank to take on further monetary easing measures.”
The Conference Board Coincident Economic Index® (CEI) for India, which measures current economic activity, increased 1.0 percent in June to 109.6 (2010 = 100), following a 0.9 percent decline in May and a 3.5 percent increase in April. Two of the three components contributed positively to the index in June.
The Conference Board LEI for India aggregates eight economic indicators that measure economic activity in India. Each of the LEI components has proven accurate on its own. Aggregating individual indicators into a composite index filters out so-called “noise” to show underlying trends more clearly.
About The Conference Board Leading Economic Index® (LEI) for India
The Conference Board Leading Economic Index® for India was launched in September 2013. Plotted back to April 1990, this index has successfully signaled turning points in the economic cycles of India. The Conference Board also produces LEIs for Australia, Brazil, China, the Euro Area, France, Germany, Japan, Korea, Mexico, Spain, the United Kingdom, and the United States.
The eight components of The Conference Board Leading Economic Index® (LEI) for India include:
Interest Rate Spread (10-Year Government Bond minus 91-Day Treasury Bill) (RBI)
Stock Prices: SENSEX Average (Bombay Stock Exchange Limited)
Real effective exchange rate index, 36 countries (RBI)
Real Money Supply: M3 Bank Credit to Commercial Sector (RBI)
Merchandise Exports, f.o.b. (Ministry of Commerce and Industry)
Cargo Handled: Domestic and International (Airport Authority of India)
IP: Capital Goods (Central Statistical Organization)
PMI: Services Business Activity (HSBC/Markit)
For more information including full press release and technical notes:
To view The Conference Board calendar of 2015 indicator releases:
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. For additional information about The Conference Board and how it can meet your needs, visit our website at:
The next release is scheduled for Friday, August 21 at 10:00 AM (Mumbai); at 12:30 AM (ET).
Professional Contacts at The Conference Board:
Indicator Program: email@example.com
+ (32) 2 679 50 52
+ 86 10 8532 4688
All material on Our Sites are protected by United States and international copyright laws. You must abide by all copyright notices and restrictions contained in Our Sites.
You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. If you are a subscriber to any of the services offered on Our Sites, you may be permitted to use Site Material, according to the terms of your subscription agreement.
"THE CONFERENCE BOARD," the TORCH LOGO, "THE CONFERENCE BOARD LEADING ECONOMIC INDEX", "THE CONFERENCE BOARD COINCIDENT ECONOMIC INDEX", and "THE CONFERENCE BOARD LAGGING ECONOMIC INDEX", and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether we are the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us.
Violators of these rights will be prosecuted to the full extent of the law. Nothing herein shall restrict the use of the information by news journalists using the information in a legitimate news publication or periodical.