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The Conference Board Leading Economic Index (LEI) for Spain increased 0.1 percent in September to 103.1 (2010 = 100), following a 0.1 percent increase in August, and a 0.3 percent decline in July.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.3 percent in September to 97.6 (2010 = 100), following a 0.2 percent increase in August, and a 0.4 percent increase in July.
The LEI for Spain has improved moderately over the past three months. However, its six-month growth rate has slowed considerably. 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 current economic expansion should continue, but the pace of growth is likely to moderate in 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.