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

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Jul 14, 2015, 09:30 ET

NEW YORK, July 14, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain declined 0.4 percent in May to 103.1 (2010 = 100), following a 0.4 percent increase in April, and a 0.2 percent increase in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.3 percent in May to 96.3 (2010 = 100), following a 0.3 percent increase in April, and a 0.5 percent increase in March.

In May, the LEI declined for the first time since last fall. As a result, its six-month growth has moderated over the past six months. Meanwhile, the CEI continues to increase at a modest pace, and its six-month growth rate has improved. Taken together, the recent behavior of the composite indexes suggests that the economy is likely to continue to advance into the fall, but the pace of growth may moderate somewhat.

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.


Summary Table of Composite Indexes
			2015				6-month
	Mar		Apr		May		Nov to May

Leading Economic Index (LEI)	103.1	r	103.5	r	103.1
Percent Change	0.2	r	0.4		-0.4		1.5
Diffusion	66.7		66.7		16.7		83.3

Coincident Economic Index (CEI)	95.7	p	96.0	p	96.3	p
Percent Change	0.5	p	0.3	p	0.3	p	1.8	p
Diffusion	100.0		80.0		100.0		100.0

n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2010
Source: The Conference Board All Rights Reserved