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

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Dec 17, 2013, 04:00 ET

NEW YORK, Dec. 17, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.3 percent in October to 107.0 (2004 = 100), following a 0.4 percent increase in September, and a 0.2 percent increase in August.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, was unchanged in October at 93.8 (2004 = 100), following a 0.1 percent decline in September, and a 0.1 percent increase in August.

The LEI for Spain has been trending upward since the second half of 2012, and its six-month growth rate remains positive. Meanwhile, the CEI for Spain has been relatively unchanged since April, after trending downward for two years. As a result, its six-month growth rate is in positive territory for the first time since March 2011. Taken together, the recent behavior of the composite indexes suggests that slow economic growth should continue into 2014.

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
	Aug		Sep		Oct		Apr to Oct
Leading Economic Index (LEI)	106.3	r	106.7	r	107.0
Percent Change	0.2		0.4	r	0.3		1.9
Diffusion	33.3		58.3		75.0		83.3

Coincident Economic Index (CEI)	93.9	r	93.8	p	93.8	p
Percent Change	0.1	r	-0.1	p	0.0	p	0.1	p
Diffusion	80.0		60.0		70.0		60.0

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