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The Conference Board Leading Economic Index (LEI) for Spain increased 0.4 percent in April to 103.6 (2010 = 100), following a 0.3 percent increase in March, and a 0.7 percent increase in February.
At the same time, The Conference Board Coincident Economic Index (CEI) for Spain, a measure of current economic activity, increased 0.3 percent in April to 95.9 (2010 = 100), following a 0.4 percent increase in March, and a 0.3 percent increase in February.
The LEI continues on an upward trend; as a result, its six-month growth has greatly improved over the past six months. Meanwhile, the CEI continues to increase at a modest pace, and its six-month growth rate has improved somewhat. Taken together, the recent behavior of the composite indexes suggests that the economy is likely to continue to advance into the fall.
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.