A leading indicator of the euro area increased further in October, signaling continued improvement in the outlook for the economy, data from a survey conducted by the Conference Board showed Wednesday.
The leading economic index moved up 0.6 percent month-on-month to 110.4 in October, after rising 0.5 percent and 0.9 percent respectively in September and August.
At the same time, the coincident economic index, which measures the current situation, edged up 0.1 percent sequentially in October to 101.2, recovering from September's 0.1 percent decrease.
During the six months ended October, the leading index gained 3.8 percent, and the coincident index increased by 0.2 percent.
"Economic sentiment and stock prices are improving and there seems less concern about financial instability," Conference Board Economist Bert Colijn said.
"Ongoing concerns seem bigger for businesses than for investors and consumers, as the PMIs for the Euro Area are stalling amid concerns about the pace of the recovery and its possible deflationary consequences."
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