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SOURCE The Conference Board
BRUSSELS, Jan. 17, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.3 percent in November to 105.4 (2004 = 100), following a 0.2 percent increase in October, and a 0.4 percent increase in September.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.1 percent in November to 93.3 (2004 = 100), following a 0.1 percent increase in October, and a 0.1 percent decline in September.
The LEI for Spain has been trending upward since the second half of 2012, but its six-month growth rate has slowed in recent months. Meanwhile, after trending downward for two years, the CEI for Spain has been relatively flat throughout 2013, and its six-month growth rate remains slightly positive. Taken together, the recent behavior of the composite indexes suggests that a modest economic recovery should continue into the first half of 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
About The Conference Board The Conference Board is an independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith 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.