Summary
BRUSSELS, Oct. 26, 2011 /PRNewswire/ -- The Conference Board Leading Economic Index(R) (LEI) for the Euro Area declined by 0.7 percent in September to 105.9 (2004 = 100), following a 1.3 percent decrease in August and a 0.1 percent decrease in July.
Said Jean-Claude Manini, The Conference Board Senior Economist for Europe: "The LEI for the Euro Area fell sharply in August on the back of a severe deterioration in business confidence and stock prices which continued in September. The sovereign debt crisis and the uncertainty concerning its resolution are beginning to dampen current economic activity and the immediate outlook. The prospect of a banking crisis and increased fears of recession are self- reinforcing and an economic contraction cannot be ruled out in the very near term."See the full content of this document
Extract
Area Continued to Decline in September
The Conference Board Coincident Economic Index(R) (CEI) for the Euro Area, which measures current economic activity, increased 0.1 percent in Sept...
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