The Conference Board Leading Economic Index® for Brazil, Together with Fundacao Getulio Vargas, Fell in April - WOWK 13 Charleston, Huntington WV News, Weather, Sports

The Conference Board Leading Economic Index® for Brazil, Together with Fundacao Getulio Vargas, Fell in April

  • Local NewsLocal NewsMore>>

  • UPDATE: All Northbound lanes open on I-77 at East River Mountain Tunnel

    UPDATE: All Northbound lanes open on I-77 at East River Mountain Tunnel

    Saturday, July 26 2014 6:42 PM EDT2014-07-26 22:42:00 GMT
    All northbound lanes are back open after a tractor trailer that caught fire inside the East River Mountain Tunnel on Friday. It happened in the northbound lanes of the tunnel that divides Mercer and Bland around 2:00 Friday afternoon.
    All northbound lanes are back open after a tractor trailer that caught fire inside the East River Mountain Tunnel on Friday. It happened in the northbound lanes of the tunnel that divides Mercer and Bland around 2:00 Friday afternoon.
  • Sistersville Woman Crowned Mrs. West Virginia, Will Compete for National Title

    Sistersville Woman Crowned Mrs. West Virginia, Will Compete for National Title

    Tuesday, July 15 2014 4:17 AM EDT2014-07-15 08:17:38 GMT
    A Sistersville mother, wife, and soon-to-be teacher, holds another very impressive title as she gets ready to take on the competition on a national stage.Mrs. West Virginia, Melissa Smith, will compete for the title of "Mrs.United States," in September. Smith travels throughout the state right now helping to push her platform. "Right now, I'm very focused on improving literacy education. I'm going to be an elementary school teacher and I have been traveling throughout West Virginia reading to...
    A Sistersville mother, wife, and soon-to-be teacher, holds another very impressive title as she gets ready to take on the competition on a national stage.Mrs. West Virginia, Melissa Smith, will compete for the title of "Mrs.United States," in September. Smith travels throughout the state right now helping to push her platform. "Right now, I'm very focused on improving literacy education. I'm going to be an elementary school teacher and I have been traveling throughout West Virginia reading to...
  • Federal judge in Martinsburg, West Virginia, sends 10 to prison for violating probation

    Federal judge in Martinsburg, West Virginia, sends 10 to prison for violating probation

    Sunday, July 6 2014 11:00 AM EDT2014-07-06 15:00:12 GMT
    Nine Martinsburg, West Virginia, residents and another from Keyser were sentenced to federal prison for breaking the law while they were on supervised release or probation.
    Nine Martinsburg, West Virginia, residents and another from Keyser were sentenced to federal prison for breaking the law while they were on supervised release or probation.

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE The Conference Board

RIO DE JANEIRO, May 16, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® for Brazil, together with Fundacao Getulio Vargas (TCB/FGV Brazil LEI), decreased 0.4 percent in April. The index now stands at 123.7 (2004 = 100), following a 0.3 percent decline in March and a 0.6 percent decline in February. Four of the eight components contributed positively to the index in April.

"A more favorable external scenario helped stock prices and the trade balance in April, but this modest improvement wasn't enough to overcome the increasing pessimism of entrepreneurs from the industrial and services sectors, and of consumers facing inflationary pressure," said Paulo Picchetti, Economist at FGV/IBRE. "Overall, the LEI continues to suggest that Brazil's bleak economic situation is unlikely to improve in the upcoming months."

Ataman Ozyildirim, Economist at The Conference Board, added, "April's decline in the LEI for Brazil, the fourth consecutive drop, pushes the six month growth rate deeper into negative territory and increases the likelihood that economic activity will decelerate in the near term. Continued deterioration in business and consumer sentiment and political uncertainty remain obstacles to an already struggling Brazilian economy."

The Conference Board Coincident Economic Index® for Brazil, together with Fundacao Getulio Vargas (TCB/FGV Brazil CEI), which measures current economic activity, increased 0.1 percent in April to 128.8 (2004 = 100), following a 0.2 percent decline in both March and February. Four of the six components contributed positively to the index in April.

TCB/FGV Brazil LEI aggregates eight economic indicators that measure economic activity in Brazil. 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® for Brazil, together with Fundacao Getulio Vargas

TCB/FGV Brazil LEI was launched in July 2013. Plotted back to 1996, this index has successfully signaled turning points in the economic cycles of Brazil. The Conference Board also produces LEIs for Australia, China, the Euro Area, France, Germany, Japan, Korea, Mexico, Spain, the United Kingdom, and the United States.

The eight components of TCB/FGV Brazil LEI include:

Swap Rate, 1 year (Source: Central Bank of Brazil)
Stock Price Bovespa Index (Source: BOVESPA - Bolsa de Valores de Sao Paulo/ Sao Paulo Stock Exchange)
Manufacturing Survey: Expectations Index (Source: FGV/IBRE)
Services Sector Survey: Expectations Index (Source: FGV/IBRE)
Consumer Expectations Survey: Expectations Index (Source: FGV/IBRE) 
Physical Production of Durables Consumer Goods Index (Source: IBGE - Instituto Brasilieiro de Geografia e Estatística/ Brazilian Institute of Geography and Statistics)
Terms of Trade Index (Source: FUNCEX - Fundacao Centro de Estudos do Comercio Exterior/The Foundation Center for the Study of Foreign Trade)
Exports Volume Index (Source: FUNCEX - Fundacao Centro de Estudos do Comercio Exterior/The Foundation Center for the Study of Foreign Trade)

https://www.conference-board.org/data/bcicountry.cfm?cid=12 

To view The Conference Board calendar of 2014 indicator releases:

http://www.conference-board.org/data/ 

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 of America. 

www.conferenceboard.org 

Follow The Conference Board
Twitter | Facebook | LinkedIn 

ABOUT FGV/IBRE

The Brazilian Institute of Economics (Instituto Brasilieiro de Economia-IBRE) at Fundacao Getulio Vargas (FGV) was founded in 1951 to research, analyse, produce and disseminate macroeconomic statistics and applied studies. Its purpose is to inform and help improve public policies and private activities in the Brazilian economy. IBRE is a leading institute in calculating the Brazilian GDP and producing price indices including the General Price Index (IGP) which served  as Brazil´s official inflation index for many years. In addition to price indices, IBRE prepares trend and business cycle indicators that are widely used by administrators and analysts.

www.fgv.br/ibre  

 

Summary Table of Composite Economic Indexes   





 

2014


 6-month




Feb


Mar


Apr


Oct to Apr

Leading Economic Index


124.6

r


124.2

r


123.7

p




Percent Change


-0.6



-0.3

r


-0.4

p


-2.2


Diffusion


25.0



18.8



37.5



0.0














Coincident Economic Index


129.0

r


128.7

p


128.8

p




Percent Change


-0.2

r


-0.2

p


0.1

p


-0.2


Diffusion


41.7



41.7



83.3



58.3














n.a. Not available    p Preliminary    r Revised 

Indexes equal 100 in 2004   

Sources: The Conference Board, FGV/IBRE    All Rights Reserved  

 

©2012 PR Newswire. All Rights Reserved.