Leading Economic Index for Europe Increases
Press release from the issuing company
Wednesday, January 29th, 2014
The Conference Board Leading Economic Index for the Euro Area increased 0.6 percent in December and now stands at 109.9 (2004=100), following a 0.6 percent increase in November and a 0.5 percent increase in October.
"The LEI increased for the seventh consecutive month, signaling a continued brightening of the outlook for the Euro Area economy in early 2014," says Bert Colijn, economist for Europe at The Conference Board. "Sentiment among businesses and consumers keeps improving as confidence in the recovery is picking up. However, even though the first half of 2014 looks promising, the lack of strong investment, high unemployment and low wage growth implies that the rate of economic growth will remain modest."
The Conference Board Coincident Economic Index for the Euro Area, which measures current economic activity, declined 0.1 percent in December, according to preliminary estimates. The index now stands at 101.1 (2004 = 100)*. The CEI increased 0.3 percent in November and decreased 0.1 percent in October.
To view The Conference Board calendar for 2014 indicator releases:
http://www.conference-board.org/data/


