The Conference Board Leading Economic Index® (LEI) for the Euro Area Was Unchanged in September

BRUSSELS, Oct. 27, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index^® (LEI) for the Euro Area remained unchanged at 111.7 (2004=100) in September, following a 0.6 percent decrease in August and a 0.3 percent increase in July.

"The Leading Economic Index for the Euro Area was flat in September after a sharp decline in August," said Bert Colijn, Senior Economist at The Conference Board. "However, the majority of the LEI components have still not returned to positive territory, and the six-month growth rate dipped below zero for the first time since November 2012. The business and consumer confidence indicators have stopped declining further, so there is a chance that the recent deterioration in industrial production and manufacturing turnover will end in the near future. Even so, overall GDP growth is unlikely to strengthen much in the coming months. Meanwhile, it remains to be seen if last week's ECB stimulus hike will boost investors' confidence in financial markets."

The Conference Board Coincident Economic Index^® (CEI) for the Euro Area, which measures current economic activity, was unchanged in September, according to preliminary estimates. The index now stands at 101.7* (2004 = 100). The CEI was unchanged in August and increased 0.1 percent in July.

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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NOTE:
To view the webpage, which includes a pdf of the press release and technical notes: http://www.conference-board.org/data/bcicountry.cfm?cid=10  

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-conference-board-leading-economic-index-lei-for-the-euro-area-was-unchanged-in-september-251722577.html

SOURCE The Conference Board

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