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Eurozone continues to make steady, if moderate, progress

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Leading economic index rises again in April.

There seems to be life in the Eurozone after all.

The Conference Board Leading Economic Index for the Euro Area increased 0.5% in April, following a 0.7% increase in March and a 0.6 percent increase in February.

“Although the rebound in gas prices has reduced some of the real wage gains of the past months, consumer confidence is one of the strongest drivers of the positive outlook."

"The outlook for the European economy remains positive in the months ahead as the Leading Economic Index for the Euro Area registered a large gain in April, the sixth increase in a row," says Bert Colijn, Senior Economist at The Conference Board. "Seven out of eight indicators contributed positively to the index.

“Although the rebound in gas prices has reduced some of the real wage gains of the past months, consumer confidence is one of the strongest drivers of the positive outlook. The improvements in the financial system, which could spur investment, are also adding to optimism about the Euro Area economy for the second half of the year – leaving political volatility as the main source of risks that could impact the recovery in Europe."

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