Global Business Cycle Indicators
Latest Press Release
Please download related PDFs on the upper right corner of this page.
Released: Thursday, February 27, 2014
The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 1.2 percent in January and now stands at 110.9 (2004=100), following a 0.3 percent increase in December 2013 and a 0.6 percent increase in November.
“The Leading Economic Index advanced for an eighth month in a row in January, a sign that the economy continues to improve despite current conditions, as measured by the Coincident Economic Index, taking a brief pause,” said Bert Colijn, Economist at The Conference Board. “The improvement in the LEI was broad-based, with business conditions and money supply making strong contributions. So far, the increased uncertainty about growth in emerging markets has not impacted on our outlook for the Euro Area, which remains at 1.1 percent growth for 2014.”
The Conference Board Coincident Economic Index® (CEI) for the Euro Area, which measures current economic activity, increased 0.1 percent in January, according to preliminary estimates. The index now stands at 101.1* (2004 = 100). The CEI decreased 0.3 percent in December 2013 and increased 0.4 percent in November.
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.
The Conference Board currently produces leading economic indexes for twelve other individual countries, including Australia, China, France, Germany, Japan, Korea, Mexico, Spain, the U.K., India, Brazil and the U.S.
The seven components of The Conference Board Leading Economic Index® for the Euro Area include:
- Economic Sentiment Index (source: European Commission DG-ECFIN)
- Index of Residential Building Permits Granted (source: Eurostat)
EURO STOXX® Index (source: STOXX Limited)
- Money Supply (M2) (source: European Central Bank)
- Interest Rate Spread (source: European Central Bank)
- Eurozone Manufacturing Purchasing Managers’ Index (source: Markit Economics)
- Eurozone Service Sector Future Business Activity Expectations Index (source: Markit Economics)
To view The Conference Board calendar for 2014 indicator releases:
* Series in The Conference Board LEI for the Euro Area that are based on The Conference Board estimates are real money supply 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.
Professional Contacts at The Conference Board:
Indicator Program: firstname.lastname@example.org
+ 32 2 679 5054
+32 2 679 50 59
Said Rabana :
+32 2 679 5050
All material on Our Sites are protected by United States and international copyright laws. You must abide by all copyright notices and restrictions contained in Our Sites.
You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. If you are a subscriber to any of the services offered on Our Sites, you may be permitted to use Site Material, according to the terms of your subscription agreement.
"THE CONFERENCE BOARD," the TORCH LOGO, "THE CONFERENCE BOARD LEADING ECONOMIC INDEX", "THE CONFERENCE BOARD COINCIDENT ECONOMIC INDEX", and "THE CONFERENCE BOARD LAGGING ECONOMIC INDEX", and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether we are the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us.
Violators of these rights will be prosecuted to the full extent of the law. Nothing herein shall restrict the use of the information by news journalists using the information in a legitimate news publication or periodical.