Europe Leading Economic Index Continues to Show Recovery Sep 3, 2009

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The Conference Board Leading Economic Index (LEI) for the Euro Area increased 1.6% in July to 97.4 (2004 = 100), following a 1.4% increase in June and a 1.8% increase in May. Five of the eight components contributed positively to the index this month.

The LEI for the Euro area has increased by 6.1% during 2009 after falling more than 15.0% between June 2007 and December 2008.

Preliminary estimates for the Euro area Coincident Economic Index (CEI), measuring current economic activity, declined by 0.1% in July, falling to 101.0 (2004 = 100), after falling 0.5% in June and 0.2% in May. The Euro area CEI has been trending down since peaking in February 2008.

The LEI for the Euro Area aggregates eight economic indicators that measure activity in the Euro Area as a whole (rather than indicators of individual member countries).

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