The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.4 percent to 112.4 (2004=100) in November, following a 0.3 percent decrease in October and no change in September.
"The moderate growth of the Leading Economic Index for the Euro Area in November suggests that the economy continues on a path of slow-paced growth," said Bert Colijn, Senior Economist for Europe at The Conference Board. "Business expectations in the service sector and stock prices bounced back after large declines in October, but volatility in confidence continues to dampen the economic outlook for the region. Even though internal demand is strengthening, investment continues to be a weak growth driver for the Euro Area."
The Conference Board Coincident Economic Index® (CEI) for the Euro Area, which measures current economic activity, was unchanged in November, according to preliminary estimates. The index now stands at 101.8* (2004 = 100). The CEI increased 0.1 percent in October and was unchanged in September.