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Leading Economic Index for the Euro Area increases in November

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Leading Economic Index for the Euro Area increases in November

Moderate growth appears to be the norm.

The Conference Board Leading Economic Index for the Euro Area increased 0.5% in November, following a 0.6% increase in October and a 0.3% decline in September.

"The Euro Area LEI continued to increase through November, with the financial indicators and consumer sentiment as the major drivers of improvement," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "Along with recent gains in consumer spending and industrial activities, advances in the LEI suggest that economic growth in the Euro Area economy should continue at a moderate pace and could even improve somewhat in 2016, unless negative sentiment becomes more persistent."

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

 

 

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