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

Oct 15, 2010, 04:00 ET from The Conference Board

BRUSSELS, Oct. 15 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.6 percent in August to 109.2 (2004 = 100), following a 0.3 percent increase in July, and a 0.4 percent decline in June.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.1 percent in August to 101.4 (2004 = 100), following no change in July and a 0.2 percent increase in June.

The Conference Board LEI for Spain rose for the past two months, after generally declining since October 2009. With this month's increase, its six-month growth rate became positive for the first time this year. Meanwhile, The Conference Board CEI for Spain has been increasing slowly this year. Taken together, the recent behavior of the composite indexes suggests that the weak recovery will continue 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

Job Placings



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.






Summary Table of Composite Indexes








2010


6-month


Jun

Jul

Aug

Feb to Aug

Leading Economic Index (LEI)

108.3 r

108.6

109.2


 Percent Change

-0.4 r

0.3 r

0.6

0.2

 Diffusion

16.7

75.0

66.7

33.3






Coincident Economic Index (CEI)

101.3 p

101.3 p

101.4 p


 Percent Change

0.2 p

0.0 p

0.1 p

1.2 p

 Diffusion

60.0

30.0

60.0

80.0






n.a. Not available    p Preliminary    r Revised





Indexes equal 100 in 2004





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SOURCE The Conference Board



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