The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.3 percent to 107.7 (2010=100) in July, following a 0.5 percent increase in June and a 0.2 percent increase in May.
"The Leading Economic Index for the Euro Area increased in July, suggesting the European economy will continue to improve moderately through the final months of the year," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "The improvement in the LEI was widespread, with consumer expectations, new orders for manufacturing and the financial components the major contributors to the rise. Business expectations, however, remain weak."
The Conference Board Coincident Economic Index® (CEI) for the Euro Area, which measures current economic activity, also increased in July. The index now stands at 100.4* (2010 = 100). The CEI decreased 0.1 percent in June and increased 0.1 percent in May.
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