Analytica
Iceland Leading Indicator – Increased Domestic Demand Growth
DGAP-News: Analytica 2015-04-16 / 21:15 --------------------------------------------------------------------- REYKJAVIK, Iceland, 2015-04-16 21:15 CEST (GLOBE NEWSWIRE) -- The Iceland Composite Leading Indicator (CLI) rose by 0.4 percent in March. This is the seventh consecutive rise of the indicator. The CLI continues to hint at growth picking up in early 2015. For the past months tourism growth and increasing fish catches have served as the main factors behind the CLI rise. However, now there are stronger indications of increased growth of domestic demand. Merchandise imports are growing at a brisk pace, debit card turnover is on the rise and the Gallup index of Consumer Confidence has risen significantly during the past few months. The main risk factors to the positive outlook include the increased likelihood of domestic labor action and some external factors mainly in relation to the geopolitical situation. Turning points of the CLI tend to precede turning points in economic activity relative to trend by approximately six months. Economic activity is measured by Gross Domestic Product (GDP) published by the Statistical Bureau of Iceland. The calculation of Analytica's CLI is based on methodology adopted by the OECD. There are six components of Analytica's CLI. These are: Fish catches, inflation adjusted debit card turnover, number of tourists visiting Iceland, the MSCI World equities index, inflation adjusted imports and the Gallup Index of Consumer Confidence. For March all of the six underlying components are strengthening year on year. Table 1 shows the development of the CLI during the past twelve months. The value for March rises by 0.4 percent on the month to 102.5. This value serves as an indicator to economic activity six months into the future, i.e. September 2015. A value of 100 indicates GDP in line with its long term trend. Table 1. Analytica's CLI 2014-2015 Change in % Indication ----------------- Index on month YOY for month 2014 March 100.9 0.0% 0.1% Sept. April 100.8 -0.1% -0.1% Oct. May 100.6 -0.2% -0.3% Nov. June 100.4 -0.2% -0.6% Dec. July 100.1 -0.3% -1.0% Jan. 2015 August 100.0 -0.1% -1.3% Feb. September 100.0 0.1% -1.4% March October 100.3 0.2% -1.2% April November 100.6 0.3% -0.8% May December 101.0 0.4% -0.2% June 2015 January 101.5 0.5% 0.5% July February 102.0 0.5% 1.1% August March 102.5 0.4% 1.6% Sept. The April Composite Leading Indicator is scheduled for release on May 19, 2015. Further information is provided by Analytica's CEO, Mr. Yngvi Hardarson Tel. +354 5278890 - email: yngvi@analytica.is News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-04-16 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Analytica United States ISIN: US9902633034 End of News DGAP News-Service --------------------------------------------------------------------- 345293 2015-04-16
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden