The Conference Board Economics Watch® - European View

  • Authors:
    Brian Schaitkin
  • Publication Date:
    July 2013
  • Report Number:
    EWEV_V3N7

Financial Stabilization and Rising Confidence May End Contraction in Euro Area

  • The Conference Board Leading Economic Index® (LEI) for the Euro Area increased in June, its fifth gain in the past six months
  • Business and consumer survey results suggest that the Euro Area could achieve modest third-quarter growth
  • This somewhat better outlook is connected to a stabilizing financial environment, which must be maintained to create conditions for recovery
  • Still, investment prospects remain poor due to tight credit conditions and limited upside growth potential
  • The weakness of the global economy, especially in emerging markets, is constraining recovery

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