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Leading Economic Index for the Euro Area increases in July

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Leading Economic Index for the Euro Area increases in July

Business expectations remain weak, however.

The Conference Board Leading Economic Index for the Euro Area increased 0.3% in July, following a 0.5% increase in June and a 0.2% increase in May.

"The Leading Economic Index for the Euro Area increased in July, suggesting the European economy will continue to improve moderately through the final months of the year," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board.  "The improvement in the LEI was widespread, with consumer expectations, new orders for manufacturing and the financial components the major contributors to the rise. Business expectations, however, remain weak."

The Conference Board Coincident Economic Index for the Euro Area, which measures current economic activity, also increased in July. The CEI decreased 0.1% in June and increased 0.1% in May.

 

 

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