The Conference Board Leading Economic Index® (LEI) for Spain Increases

NEW YORK, Sept. 13, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.5 percent in July, to 106.3 (2004 = 100), following a 0.1 percent increase in June, and a 0.6 percent increase in May.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, declined 0.1 percent in July to 93.3 (2004 = 100), following a 0.3 percent decrease in June, and no change in May.

The LEI for Spain has been rising for much of the past year, though its six-month growth rate slowed recently. Meanwhile, the CEI for Spain has been trending downward for more than two years; however, its six-month growth rate has improved since the beginning of 2013 (but remains negative). Taken together, the recent behavior of the composite indexes suggests that the current contraction in the economy will continue to ease in the near term, and could potentially end later this year.

About The Conference Board Leading Economic Index® (LEI) for Spain
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.

The six components of The Conference Board Leading Economic Index® for Spain include:

Capital Equipment Component of Industrial Production 
Contribution to Euro M2 
Stock Price Index
Long term Government Bond Yield
Order Books Survey
Job Vacancies

For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=9

For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm

About The Conference Board
The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.  www.conference-board.org.

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Summary Table of Composite Indexes


2013

6-month


May

Jun

Jul

Jan to Jul










Leading Economic Index (LEI)  

105.7

r  

105.8

r  

106.3




   Percent Change  

0.6


0.1

r  

0.5


1.1


   Diffusion  

66.7


50.0


58.3


83.3











Coincident Economic Index (CEI)  

93.7

r  

93.4

p  

93.3

p



   Percent Change  

0.0

r  

-0.3

p  

-0.1

p  

-1.3

p

   Diffusion  

70.0


30.0


50.0


60.0











n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference      Board All Rights Reserved

 

SOURCE The Conference Board



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