The Conference Board Leading Economic Index® (LEI) for the Euro Area Increased in May
BRUSSELS, June 27, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for the Euro Area increased 0.4 percent in May and now stands at 107.3 (2004=100), after increasing 0.1 percent in April and decreasing 0.3 percent in March.
"The LEI for the Euro Area improved in May for the fourth time in five months, providing reason for cautious optimism about the economic outlook for the second half of 2013. The improvement was widespread among the leading indicators," said Bert Colijn, Economist for Europe at The Conference Board. "We could see a slow recovery before the end of the year, but confidence in the Euro Area economy is still fragile and could be easily reversed if another episode of financial uncertainty occurs."
The Conference Board Coincident Economic Index® (CEI) for the Euro Area, which measures current economic activity, decreased 0.1 percent in May, according to preliminary estimates. The index now stands at 100.7 (2004 = 100)*. The CEI decreased 0.1 percent in April and remained unchanged in March.
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 ten other individual countries, including Australia, China, France, Germany, 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 2013 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.
| Summary Table of Composite Indexes |
||||
| 2013 |
6-month |
|||
| Mar |
Apr |
May |
Oct to May |
|
| Leading Economic Index (LEI) |
106.8p |
106.9p |
107.3p |
|
| Percent Change |
-0.3p |
0.1p |
0.4p |
2.2p |
| Diffusion |
42.9 |
57.1 |
71.4 |
100.0 |
| Coincident Economic Index (CEI) |
100.9p |
100.8p |
100.7p |
|
| Percent Change |
0.0p |
-0.1p |
-0.1p |
-0.6p |
| Diffusion |
50.0 |
37.5 |
62.5 |
50.0 |
| n.a. Not available p Preliminary r Revised |
||||
| Indexes equal 100 in 2004 |
||||
| Source: The Conference Board All Rights Reserved |
||||
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