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Leading Economic Index for the Euro Area increased in March

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Leading Economic Index for the Euro Area increased in March

Signs of life in the EuroZone.

The Conference Board Leading Economic Index for the Euro Area increased 0.7% in March, following a 0.6% increase in February, and a 0.2% increase in January.

"Increasing confidence among consumers and investors were the major contributors to the rise."

"The outlook for the Euro Area for the rest of the year continued to improve in March, as the Leading Economic Index for the Euro Area experienced another month of strong growth after four consecutive increases," saidBert Colijn, Senior Economist at The Conference Board.

"Increasing confidence among consumers and investors were the major contributors to the rise in the LEI, but the improvements were widespread. Despite the large downside risks of a possible Grexit, the Euro Area's economy appears to be strengthening."

The Conference Board Coincident Economic Index for the Euro Area, which measures current economic activity, also increased in March. The CEI was unchanged in February and increased 0.2% percent in January.

 

 

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