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

NEW YORK, May 22, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.3 percent in March to 103.1 (2010 = 100), following a 0.6 percent increase in February, and a 0.3 percent increase in January.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.3 percent in March to 95.4 (2010 = 100), following a 0.3 percent increase in February, and no change in January.

The LEI has been trending upward since last fall, with widespread strengths among its components. As a result, its six-month change has improved considerably over this time span. Meanwhile, the CEI continues to increase at a moderate pace, and its six-month growth rate remains steady. Taken together, the recent behavior of the composite indexes suggests that the current pace of economic growth should continue in the near term, and there may even be some upside potential.   

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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SOURCE The Conference Board