The Conference Board Leading Economic Index™ (LEI) for the Euro Area decreased 0.3 percent in February to 92.9 (2004 = 100), following a 0.9 percent increase in January and a 1.7 percent drop in December. Falling stock prices, as well as declines by the Economic Sentiment Index and The Purchasing Managers' Index (manufacturing), more than offset the widening interest rate spread.