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

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Oct 22, 2014, 04:00 ET

NEW YORK, Oct. 22, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain declined 0.2 percent in August to 107.4 (2004 = 100), following a 0.4 percent increase in July, and a 0.5 percent increase in June.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, was unchanged in August, remaining at 95.1 (2004 = 100), following a 0.2 percent increase in July, and no change in June.

Despite the small decline in August, the six-month growth rate of the LEI remains positive, and the strengths among the leading indicators are widespread. Meanwhile, the upward trend in the CEI has recently moderated somewhat, but its six-month growth rate has improved compared to six months ago. Taken together, the recent behavior of the composite indexes suggests that the current economic recovery is likely to 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 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
	Jun		Jul		Aug		Feb to Aug
Leading Economic Index (LEI)	107.2	r	107.6		107.4
Percent Change	0.5	r	0.4	r	-0.2		1.3
Diffusion	100.0		41.7		50.0		83.3

Coincident Economic Index (CEI)	94.9	p	95.1	p	95.1	p
Percent Change	0.0	p	0.2	p	0.0	p	1.2	p
Diffusion	40.0		80.0		60.0		80.0

n.a. Not available p Preliminary r Revised Indexes equal 100 in 2004 Source: The Conference Board All Rights Reserved