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Released: Friday, July 26, 2013

The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.5 percent in June and now stands at 107.5 (2004=100), after increasing 0.4 percent in May and increasing 0.1 percent in April.

“June saw the Leading Economic Index for the Euro Area rise for the third straight month, increasing the odds for a recovery in the second half of 2013,” said Bert Colijn, Economist for Europe at The Conference Board. “Even as business and consumer confidence grows, however, continued financial stability in the Euro Area remains vital for economic growth. Any renewed uncertainty would be a large setback for a recovery.”

The Conference Board Coincident Economic Index® (CEI) for the Euro Area, which measures current economic activity, decreased 0.2 percent in June, according to preliminary estimates. The index now stands at 100.7 (2004 = 100)*. The CEI was unchanged in both May and April.

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 ten other individual countries, including Australia, China, France, Germany, Japan, Korea, Mexico, Spain, the U.K. 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 2013 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.


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