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Leading Economic Index for the Euro Area increases in August

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Leading Economic Index for the Euro Area increases in August

Moderate, but steady, growth continues in the eurozone.

The Conference Board Leading Economic Index for the Euro Area increased 0.3% in August, following a 0.3% increase in July and a 0.5% increase in June.

However, an acceleration in the pace of economic growth is unlikely."

"The LEI for the Euro Area increased in August, suggesting the current economic expansion will continue into early next year. However, an acceleration in the pace of economic growth is unlikely," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board.

"Despite the relative improvement in the U.S. economy, which could help support the Euro Area's economic recovery, the slowdown in emerging markets and the recent volatility in the stock market could cast a shadow on the outlook for the European economy in the months ahead."

The Conference Board Coincident Economic Index for the Euro Area, which measures current economic activity, increased 0.1% in August. The CEI increased 0.2% in July and remained unchanged in June.

 

 

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