28 Apr.
The composite leading business cycle indicator increased by 1,0 per cent in February 2011 compared with the preceding month. Nine of the eleven component time series that were available for February 2011 increased, while two decreased. The largest positive contribution to the movement in the leading indicator came from the BER Business Confidence Index, followed by the average hours worked per factory worker in manufacturing as calculated by the BER; the two negative contributors in February were the number of building plans passed for flats, townhouses and houses larger than 80m², as well as the six-month smoothed growth rate in the real M1 money supply.
The composite coincident business cycle indicator increased by 0,8 per cent in January 2011 compared with the preceding month. After receding somewhat during July and August 2010, the coincident indicator has increased for five consecutive months up to January 2011.
The composite lagging business cycle indicator decreased by 1,5 per cent in January 2011 compared with the preceding month. The lagging indicator has been following a downward trend since reaching its most recent peak in November 2008.
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BCIdata_Apr2011.xls |
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Press release_Apr2011.pdf |
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