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Conference Board: Leading Economic Index for EuroZone increased in June

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Conference Board: Leading Economic Index for EuroZone increased in June

Marginal increase suggests sluggish growth ahead.

The Conference Board Leading Economic Index for the Euro Area increased 0.1% in June, following a 0.4% increase in May and a 0.2% decrease in April.

"June's small increase in the Leading Economic Index for the Euro Area points to a subdued recovery continuing in the months ahead," said Bert Colijn, Senior Economist at The Conference Board.

"The LEI's upward trend has moderated considerably, and the latest declines in economic sentiment, the Markit PMI for manufacturing, and building permits all suggest slow growth. Meanwhile, the Coincident Economic Index is virtually flat, indicating little to no improvement in economic activity. Escalated tensions in Ukraine are adding more uncertainty to the Euro Area economy, further threatening the prospect of a rebound in employment, production, sales, and income."

The Conference Board Coincident Economic Index for the Euro Area, which measures current economic activity, was unchanged in June, according to preliminary estimates. The CEI was also unchanged in both May and April.

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