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

NEW YORK, June 16, 2011 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain decreased 0.3 percent in April to 107.0 (2004 = 100), following a 0.5 percent decrease in March, and a 0.1 percent increase in February.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, was unchanged in April, at 101.3 (2004 = 100), following a 0.1 percent increase in March and no change in February.

The Conference Board LEI for Spain continued to decline in April, amid widespread weaknesses among its components. As a result, its six-month growth rate has remained in stable but negative territory, fluctuating around a -0.5 percent growth rate in recent months. Meanwhile, The Conference Board CEI for Spain was unchanged this month; however, its six-month growth rate has turned modestly positive lately. Taken together, the recent behavior of the composite indexes and their components suggests that the economy 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
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.

SOURCE The Conference Board

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