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The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.4 percent to 107.1 (2010=100) in June, following a 0.3 percent increase in May and a 0.5 percent increase in April.
“The LEI increased again in June, suggesting that the Euro Area's economy should remain on track for a modest recovery through the remainder of the year,” said Ataman Ozyildirim, Director, Business Cycles and Growth Research, at The Conference Board. “Further declines in stock prices were offset by improved consumer expectations. June’s weak industrial production figures might be reversed in coming months, but political volatility and financial risks could derail the Euro Area recovery, especially if the Greek crisis resurfaces as a concern for Europe as a whole.”
The Conference Board Coincident Economic Index® (CEI) for the Euro Area, which measures current economic activity, was unchanged in June. The index now stands at 100.4* (2010 = 100). The CEI increased 0.1 percent in both May and April.
About The Conference Board Leading Economic Index® (LEI) for the Euro Area
The Conference Board Leading Economic Index® for the Euro Area was launched in January 2009. Plotted back to 1987, this index has successfully signaled turning points in the business cycle of the bloc of countries that now constitute the Euro Area, defined by the common currency zone.