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SOURCE The Conference Board
NEW YORK, March 12, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.7 percent in January to 105.2 (2004 = 100), following a 0.8 percent increase in December, and a 0.6 percent increase in November.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, declined 0.4 percent in January to 94.0 (2004 = 100), following a 0.6 percent decline in December, and a 0.7 percent decline in November.
The LEI for Spain increased for the fifth consecutive month, and as a result, its six-month growth rate continues to pick up. The CEI for Spain, however, has been on a downward trend for more than a year, and its six-month growth rate has grown more negative as a result. Although economic growth is likely to remain in negative territory, the recent relatively widespread improvement in the LEI suggests that the contraction may become shallower in the coming months.
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:
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.