Press Release Archive
Released: Thursday, February 26, 2015
The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.3 percent to 103.6 (2010=100) in January, following a 0.3 percent increase in December, and a 0.2 percent increase in November.
“The Leading Economic Index for the Euro Area increased for a third consecutive month suggesting the European economy will continue to improve in the first half of the year, albeit moderately,” said Bert Colijn, Senior Economist at The Conference Board. “While the depreciation of the euro, lower oil prices, and improved business and consumer confidence are having a positive impact on the economic outlook, a persistently sluggish manufacturing sector continues to dampen growth prospects.”
The Conference Board Coincident Economic Index® (CEI) for the Euro Area, which measures current economic activity, increased 0.1 percent in January. The index now stands at 100.1* (2010 = 100). The CEI increased 0.1 percent in both December and 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, Brazil, China, France, Germany, India, Japan, Korea, Mexico, Spain, the U.K. and the U.S.
The eight components of The Conference Board Leading Economic Index® for the Euro Area include:
Interest Rate Spread (source: European Central Bank)
Consumer expectation of general economic condition of next 12 months (source: European Commission)
Index of Residential Building Permits Granted (source: Eurostat)
EURO STOXX® Index (source: STOXX Limited)
Systemic Stress Composite Indicator (source: European Central Bank)
Capital Goods New Orders, index (source: European Central Bank)
Markit Manufacturing New Orders Index (source: Markit Economics)
Markit Business Expectations Index, Service (source: Markit Economics)
To view The Conference Board calendar for 2015 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.
THESE DATA ARE FOR ANALYSIS PURPOSES ONLY. NOT FOR REDISTRIBUTION, PUBLISHING, DATABASING, OR PUBLIC POSTING WITHOUT EXPRESS WRITTEN PERMISSION.