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

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Oct 16, 2013, 04:00 ET

NEW YORK, Oct. 16, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.2 percent in August to 106.6 (2004 = 100), following a 0.6 percent increase in July, and a 0.1 percent increase in June.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, declined 0.1 percent in August to 93.1 (2004 = 100), following a 0.2 percent decline in July, and a 0.3 percent decline in June.

The LEI for Spain has been advancing for most of the past 12 months, but its six-month growth rate has slowed in recent months. Meanwhile, the CEI for Spain has been on a downward trend for more than two years, and its six-month growth rate, while still negative, has been improving. Taken together, the recent behavior of the composite indexes suggests that the current contraction in the economy will likely continue to ease through the end of this year.

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
	2013			6-month
	Jun	Jul	Aug	Feb to Aug
Leading Economic Index (LEI)	105.8	106.4 r	106.6
Percent Change	0.1	0.6 r	0.2	1.9
Diffusion	50.0	58.3	33.3	83.3

Coincident Economic Index (CEI)	93.4 p	93.2 p	93.1p
Percent Change	-0.3 p	-0.2 p	-0.1p	-1.1 p
Diffusion	30.0	40.0	30.0	70.0

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