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Euro area: "risk of extended weak growth period following near term recovery" - The Conference Board

29-Oct-2009 9:19 AM

Euro Area Leading Economic Index increased 1.2% in Sep-2009 to 100.6 (2004 = 100), following a 1.8% increase in Aug-2009 and a 1.7% increase in Jul-2009, according to The Conference Board.

The Conference Board: "Strong gains over the last six months in the LEIs for the Euro Area, Germany and France point to a continuing recovery process. However, current economic conditions remain weak and the continued downtrend in Euro Area employment combined with expiring stimulus measures pose a risk of an extended weak growth period following the near term recovery", Jean-Claude Manini, Senior Economist for Europe. Source: The Conference Board, 28-Oct-2009