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The Conference Board Leading Economic Index (LEI) for the Euro Area was unchanged at 108.0 (2010=100) in September, following a 0.2 percent increase in August and a 0.3 percent increase in July.
“The Euro Area Leading Economic Index was unchanged in September, and its six-month change has slowed in recent months, suggesting economic activity is unlikely to accelerate in the coming months,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “However, the stock market has recently rebounded and after last week’s ECB meeting, the business investment climate may solidify, providing an opportunity for sustained growth in the Euro Area in 2016.”
The Conference Board Coincident Economic Index (CEI) for the Euro Area, which measures current economic activity, increased 0.1 percent in September. The index now stands at 100.9 (2010 = 100). The CEI remained unchanged in August and increased 0.3 percent in July.
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.
