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.