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Conference Board: Leading Economic Index for the Euro Area decreased in April

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Conference Board: Leading Economic Index for the Euro Area decreased in April

"Eurozone recovery stalls; outlook uncertain."

The Conference Board Leading Economic Index for the Euro Area decreased 0.1% in April to 111.4, following a 0.2% increase in March and a 0.1% increase in February.

"April's slight decline in the Leading Economic Index suggests that a considerable acceleration in the recovery of the Euro Area economy is unlikely in the months ahead," said Bert Colijn, Senior Economist at The Conference Board. "The decline was driven by weakening business expectations for the service sector and a drop in economic sentiment. Alongside the Ukrainian crisis, the slow recovery itself is starting to impact confidence in the European economy, which in turn is hampering the growth outlook."

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"A considerable acceleration in the recovery of the Euro Area economy is unlikely in the months ahead."

The Conference Board Coincident Economic Index for the Euro Area, which measures current economic activity, was unchanged in April, according to preliminary estimates. The index now stands at 101.4. The CEI was unchanged in March and increased 0.1% in February.

 

 

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