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

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

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SOURCE The Conference Board

NEW YORK, July 15, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.4 percent in May to 106.7 (2004 = 100), following a 0.1 percent increase in April, and a 0.1 percent increase in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.2 percent in May to 94.6 (2004 = 100), following a 0.1 percent increase in April, and a 0.3 percent increase in March.

The LEI for Spain has been on a slow upward trend over the past year, but its six-month growth has moderated in recent months. Meanwhile, the CEI has improved slightly in recent months, and as a result its six-month growth rate is higher than it was six months ago. Taken together, the recent behavior of the composite indexes suggests that the modest ongoing economic recovery should continue, but the pace is unlikely to accelerate 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 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


2014



6-month


Mar



Apr



May



Nov to May













Leading Economic Index (LEI)

106.2



106.3



106.7





Percent Change

0.1

r


0.1



0.4



1.1


Diffusion  

66.7



50.0



66.7



50.0














Coincident Economic Index (CEI)  

94.3

p


94.4

p


94.6

p




Percent Change

0.3

p


0.1

p


0.2

p


1.0

p

Diffusion  

80.0



70.0



80.0



80.0














n.a. Not available       p Preliminary       r Revised   

Indexes equal 100 in 2004  

Source: The Conference Board             All Rights Reserved

 

©2012 PR Newswire. All Rights Reserved.

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