27-May-2011 8:47 AM

Euro area economic recovery remains fragile

The Conference Board Leading Economic Index for the Euro area increased 0.4% in Apr-2011 to 109.0 (2004 = 100), following a 0.5% decrease in Mar-2011 and a 0.7% increase in Feb-2011. The Conference Board stated the increase signals volatility and a cooling down in the pace of growth in the near term rather than a downturn in economic activity. The continuing European debt crisis and recurring uncertainty about its resolution are reminders of the fragility of the economic outlook for the Euro area, particularly in the second half of the year. [more]