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Leading Economic Index for the Euro Area increases

By admin 11/30/2015 09:15:00

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Leading Economic Index for the Euro Area increases

Modest increase in October follows a flat September.

The Conference Board Leading Economic Index for the Euro Area increased 0.4% in October, following no change in September and a 0.1% increase in August.

"The LEI for the Euro Area increased in October, with the yield spread, consumer expectations and stock prices as the major drivers of the improvement. Both the LEI and the CEI have returned to levels last seen in July 2011, at the outset of the most recent recession in the Euro Area," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board.

"Overall, the growth in the LEI suggests the economic expansion should continue into 2016, unless negative sentiment or the weakness in industrial activity and manufacturing new orders becomes more persistent."

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