2010.11.2304:15:00UTC+00German Leading Indicator Rises In September

Germany's leading economic indicator rose at a slower pace in September, pointing to a moderation in the growth rate going forward, data from the Conference Board showed Tuesday.

The CB leading index climbed 0.3% from August, when the index was up 1%. Large positive contributions from the yield spread and consumer confidence more than offset the negative contribution from new orders for investment goods, the report said.

Meanwhile, the coincident index, a measure of current economic activity, decreased 0.3% in September. In August, the index climbed 0.2%. During the march to September period, the leading index grew 5.8%, while the coincident index was up 1.1%.

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