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The Conference Board Leading Economic Index (LEI) for Spain increased 0.2 percent in July to 102.9 (2010 = 100), following a 0.4 percent decline in June, and a 0.4 percent decline in May.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.3 percent in July to 97.0 (2010 = 100), following a 0.3 percent increase in June, and a 0.3 percent increase in May.
The LEI for Spain increased in July, although its six-month growth has slowed over the past six months. Meanwhile, the CEI continues to increase at a modest pace, and its six-month growth rate has improved considerably from the second half of 2014. Taken together, the recent behavior of the composite indexes suggests that the current economic expansion should continue for the rest of the year, though the pace is likely to 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.