Eurozone Leading Index Remains Flat In September

A measure of future economic activity in Eurozone remained unchanged in September, survey figures from the Conference Board showed Wednesday. The Conference Board's Leading Economic Index, or LEI, for the euro area showed no variations in September, following a 0.2 percent increase in August. "The Euro Area Leading Economic Index was unchanged in September, and its six-month change has slowed in recent months, suggesting economic activity is unlikely to accelerate in the coming months," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "However, the stock market has recently rebounded and after last week's ECB meeting, the business investment climate may solidify, providing an opportunity for sustained growth in the Euro Area in 2016." The coincident index, which measures current economic activity, edged up 0.1 percent in September after remaining flat in the previous month.

News are provided by InstaForex