NEW YORK, Aug. 16, 2011 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain declined 0.2 percent in June to 106.9 (2004 = 100), following no change in May, and a 0.2 percent decrease in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity decreased 0.1 percent in June, to 100.9 (2004 = 100), following a 0.1 percent decrease in May and a 0.1 percent decrease in April.
The Conference Board LEI for Spain declined in June, amid widespread weaknesses among its components. The index has been falling gradually since the second half of 2009 while its six-month annualized growth rate has been fluctuating in a range of 0.0 to -3.0 percent since 2010. Meanwhile, The Conference Board CEI for Spain declined again in June; the index has been largely flat this year after dropping sharply in the middle of 2010. Taken together, the recent behavior of the composite indexes and their components suggests that economic activity will likely remain weak in the near term.
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
For more information including full press release and technical notes:
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.
Summary Table of Composite Indexes
Dec to Jun
Leading Economic Index (LEI)
Coincident Economic Index (CEI)
n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
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SOURCE The Conference Board