A measure of future economic activity in Eurozone rose for the fifth successive month in March, signaling sustained improvement in economic activity for the coming months, the Conference Board said Wednesday.
The Conference Board Leading Economic Index for the euro area climbed 0.7 percent to 105.1, after a 0.6 percent rise in February.
“The outlook for the Euro Area for the rest of the year continued to improve in March, as the Leading Economic Index for the Euro Area experienced another month of strong growth after four consecutive increases,” Conference Board Senior Economist Bert Colijn said.
“Increasing confidence among consumers and investors were the major contributors to the rise in the LEI, but the improvements were widespread. Despite the large downside risks of a possible Grexit, the Euro Area’s economy appears to be strengthening.”
The coincident index, which measures the current economic activity, edged up 0.1 percent in March to 100.3, after remaining unchanged in March.
Published: 2015-04-29 14:41:00 UTC+00
Eurozone Leading Index Signal Stronger Outlook: Conference Board
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