The Conference Board Leading Economic Index(R) (LEI) for Spain
Increases
PR Newswire
BRUSSELS, Sept. 17, 2014
BRUSSELS, Sept. 17, 2014 /PRNewswire/ -- The Conference Board
Leading Economic Index(R) (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(R) (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(R) (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(R) 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
---------------------
May Jun Jul Jan to Jul
Leading Economic Index (LEI) 106.7 107.3 r107.6
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
SOURCE The Conference Board
/Web site: http://www.conference-board.org