A leading indicator of the euro area economy recovered modestly in April after falling in the previous two months, but the underlying trend indicates that the region's economic environment remains sluggish, a survey conducted by the Conference Board showed Wednesday.
The leading economic index edged up 0.1 percent sequentially to 106.5 in April, following declines of 0.2 percent each in March and February.
On the other hand, the coincident economic index, which measures the current situation, dropped 0.1 percent month-on-month to 101 in April.
In the six months ended April, the leading index gained 2.1 percent, while the coincident index recorded a 0.4 percent decline, data showed.
"Confidence among businesses and consumers continues to be weak, with unemployment continuing to increase while investments are not picking up," Conference Board Europe economist Bert Colijn said.
"The service sector, however, is a bright spot with business expectations having improved in five out of the past six months."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.