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

News provided by

Sep 17, 2014, 04:00 ET

BRUSSELS, Sept. 17, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.3 percent in July to 107.6 (2004 = 100), following a 0.6 percent increase in June, and a 0.4 percent increase in May.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.1 percent in July to 95.0 (2004 = 100), following no change in June, and a 0.3 percent increase in May.

The LEI for Spain increased for the fifth consecutive month in July. Although its six-month growth rate remains positive, it has moderated compared to the previous six months. Meanwhile, the CEI continues to increase gradually and its six-month growth rate has improved compared to the beginning of this year. Taken together, the recent behavior of the composite indexes suggests that the current economic recovery should continue through the remainder 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.

Follow The Conference Board
Twitter | Facebook | LinkedIn

Summary Table of Composite Indexes
	2014						6-month
	May		Jun		Jul		Jan to Jul
Leading Economic Index (LEI)	106.7		107.3	r	107.6
Percent Change	0.4		0.6	r	0.3		1.3
Diffusion	66.7		100.0		50.0		83.3

Coincident Economic Index (CEI)	94.9	r	94.9	p	95.0	p
Percent Change	0.3	r	0.0	p	0.1	p	1.3	p
Diffusion	90.0		40.0		80.0		80.0

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