The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.3 percent to 108.0 (2010=100) in August, following a 0.3 percent increase in July and a 0.5 percent increase in June.
"The LEI for the Euro Area increased in August, suggesting the current economic expansion will continue into early next year. However, an acceleration in the pace of economic growth is unlikely," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "Despite the relative improvement in the U.S. economy, which could help support the Euro Area's economic recovery, the slowdown in emerging markets and the recent volatility in the stock market could cast a shadow on the outlook for the European economy in the months ahead."
The Conference Board Coincident Economic Index® (CEI) for the Euro Area, which measures current economic activity, increased 0.1 percent in August. The index now stands at 100.8* (2010 = 100). The CEI increased 0.2 percent in July and remained unchanged in June.
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