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The Conference Board Leading Economic Index (LEI) for Spain declined 0.4 percent in June to 102.7 (2010 = 100), following a 0.4 percent decline in May, and a 0.4 percent increase in April.
At the same time, The Conference Board Coincident Economic Index (CEI) for Spain, a measure of current economic activity, increased 0.3 percent in June to 96.5 (2010 = 100), following a 0.2 percent increase in May, and a 0.3 percent increase in April.
The LEI for Spain declined again in June, and as a result, its six-month growth has moderated over the past six months. Meanwhile, the CEI continues to increase at a modest pace, and its six-month growth rate has improved. Taken together, the recent behavior of the composite indexes suggests that the economy is likely to continue to advance for the remainder of this year, but the pace of growth may moderate somewhat.
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.