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Conference Board LEI for the Euro Area Increased in August
September 25, 2015 | The Conference BoardEstimated reading time: 1 minute
The Conference Board Leading Economic Index (LEI) for the Euro Area increased 0.3 percent to 108.0 (2010=100) in August, following a 0.3 percent increase in July and a 0.5 percent increase in June.
“The LEI for the Euro Area increased in August, suggesting the current economic expansion will continue into early next year. However, an acceleration in the pace of economic growth is unlikely,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Despite the relative improvement in the U.S. economy which could help support the Euro Area’s economic recovery, the slowdown in emerging markets and the recent volatility in the stock market could cast a shadow on the outlook for the European economy in the months ahead.”
The Conference Board Coincident Economic Index (CEI) for the Euro Area, which measures current economic activity, increased 0.1 percent in August. The index now stands at 100.8* (2010 = 100). The CEI increased 0.2 percent in July and remained unchanged in June.
About The Conference Board Leading Economic Index (LEI) for the Euro Area
The Conference Board Leading Economic Index for the Euro Area was launched in January 2009. Plotted back to 1987, this index has successfully signaled turning points in the business cycle of the bloc of countries that now constitute the Euro Area, defined by the common currency zone.
Series in The Conference Board LEI for the Euro Area that are based on The Conference Board estimates are capital goods new orders and residential building permits. All series in The Conference Board CEI for the Euro Area are based on The Conference Board estimates (employment, industrial production, retail trade, and manufacturing turnover).
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.
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