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

NEW YORK, Dec. 9, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Spain increased 0.4 percent in October to 103.4 (2010 = 100), following no change in September, and a 0.1 percent increase in August.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.2 percent in October to 97.8 (2010 = 100), following a 0.3 percent increase in September, and a 0.2 percent increase in August.

Despite the LEI's improvement in October, the six-month growth rate of the LEI remains slightly negative. Meanwhile, the CEI continues increasing at a modest pace, although its six-month growth rate remains the same as six months ago. Taken together, the recent behavior of the composite indexes suggests that the current economic expansion may moderate somewhat early next 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.

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SOURCE The Conference Board