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Prospects for the Eurozone remain murky

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Prospects for the Eurozone remain murky

Leading Economic Index increases marginally.

The Conference Board Leading Economic Index for the Euro Area increased 0.2% in December, following a 0.2% increase in November, and 0.1% decrease in October.

"The Euro Area Leading Economic Index continues to signal slow growth in the short-term outlook. The anticipation of quantitative easing and lower oil prices have resulted in more optimism reflected in improved stock prices, consumer confidence and new orders for manufacturing goods," says Bert Colijn, Senior Economist at The Conference Board. "However, the uncertainties surrounding the relationship of Greece with the rest of the Euro Area, the expected impact of quantitative easing, and the intensification of conflict in Ukraine continue to be sources of volatility for the outlook of growth in Europe."

"The Euro Area Leading Economic Index continues to signal slow growth in the short-term outlook."

The Conference Board Coincident Economic Index for the Euro Area, which measures current economic activity, was unchanged in December, according to preliminary estimates. The CEI increased 0.1% in November and increased 0.2% in October.

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