The Conference Board Leading Economic Index® (LEI) for the Euro Area Declined in August

BRUSSELS, Sept. 26, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index^® (LEI) for the Euro Area decreased 0.6 percent in August to 111.8 (2004=100), following a 0.3 percent increase in July and no change in June.

"August's sharp decline in the Leading Economic Index was driven by falling business expectations in manufacturing and services alongside depressed consumer confidence, which has become increasingly persistent," said Bert Colijn, Senior Economist at The Conference Board. "An already stalling European economy, now projected to grow less than 1.0 percent in 2014, has been even further battered by ongoing uncertainty in the region, and is unlikely to gather any momentum through the remainder of 2014."

The Conference Board Coincident Economic Index^® (CEI) for the Euro Area, which measures current economic activity, increased 0.1 percent in August, according to preliminary estimates. The index now stands at 101.8* (2004 = 100). The CEI increased 0.1 percent in both July and June.

About The Conference Board Leading Economic Index^® (LEI) for the Euro Area 
The Conference Board Leading Economic Index^® for the Euro Area was launched in January 2009. Plotted back to 1987, this index has successfully signaled turning points in the business cycle of the bloc of countries that now constitute the Euro Area, defined by the common currency zone.

The Conference Board currently produces leading economic indexes for twelve other individual countries, including Australia, Brazil, China, France, Germany, India, Japan, Korea, Mexico, Spain, the U.K. and the U.S.

The seven components of The Conference Board Leading Economic Index^® for the Euro Area include:

Economic Sentiment Index (source: European Commission DG-ECFIN)
Index of Residential Building Permits Granted (source: Eurostat)
EURO STOXX^® Index (source: STOXX Limited)
Money Supply (M2) (source: European Central Bank)
Interest Rate Spread (source: European Central Bank)
Eurozone Manufacturing Purchasing Managers' Index (source: Markit Economics)
Eurozone Service Sector Future Business Activity Expectations Index (source: Markit Economics) 

To view The Conference Board calendar for 2014 indicator releases:
http://www.conference-board.org/data/

* Series in The Conference Board LEI for the Euro Area that are based on The Conference Board estimates are real money supply and residential building permits. All series in The Conference Board CEI for the Euro Area are based on The Conference Board estimates (employment, industrial production, retail trade, and manufacturing turnover).

About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.

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