Conference Board's leading indicator for the euro area rose another 0.4% in August to 112.5,...

|By:, SA News Editor

Conference Board's leading indicator for the euro area rose another 0.4% in August to 112.5, weaker than July's 0.8% increase and June's 0.5% increase. "The initial impetus of the recovery has been fading and the broad based cooling down of leading indicators is a reminder of the fragility of the recovery," the report said, predicting greater volatility in 2011 as governments phase in deficit reduction measures.