The Conference Board LEI for the Euro Area Increased in November

Estimated reading time: Less than a minute

The Conference Board Leading Economic Index (LEI) for the Euro Area increased 0.5 percent to 108.8 (2010=100) in November, following a 0.6 percent increase in October and a 0.3 percent decline in September.

“The Euro Area LEI continued to increase through November, with the financial indicators and consumer sentiment as the major drivers of improvement,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Along with recent gains in consumer spending and industrial activities, advances in the LEI suggest that economic growth in the Euro Area economy should continue at a moderate pace and could even improve somewhat in 2016, unless negative sentiment becomes more persistent.”

The Conference Board Coincident Economic Index (CEI) for the Euro Area, which measures current economic activity, increased 0.1 percent in November. The index now stands at 101.0* (2010 = 100). The CEI increased 0.1 percent in October and remained unchanged in September. 

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.