Global Business Cycle Indicators

Spain

Press Releases

Latest
Archive

Data

Purchase Data

Benchmark Revisions - September 2007

Latest Press Release

Please download related PDFs on the upper right corner of this page.

Released: Tuesday, July 15, 2014

The Conference Board Leading Economic Index® (LEI) for Spain increased 0.4 percent and The Conference Board Coincident Economic Index® (CEI) increased 0.2 percent in May.

  • The Conference Board LEI continued to edge up in May. Between November 2013 and May 2014, the leading economic index increased 1.1 percent (about a 2.3 percent annual rate), slower than its increase of 1.6 percent (about a 3.3 percent annual rate) during the previous six months. In addition, the strengths among the leading indicators have become less widespread and were balanced with weaknesses in recent months.
  • The Conference Board CEI for Spain, a measure of current economic activity, improved slightly in May. In the six-month period ending in May, the coincident economic index increased 1.0 percent (about a 1.9 percent annual rate), an improvement from its increase of 0.6 percent (about a 1.3 percent annual rate) in the previous six months. The strengths among the components have remained very widespread, with four out of five components advancing in the last six months. Meanwhile, real GDP increased about 1.5 percent (annual rate) in the first quarter, after advancing 0.7 percent (annual rate) in the fourth quarter of 2013.
  • The LEI for Spain has been on a slow upward trend over the past year, but its six-month growth has moderated in recent months. Meanwhile, the CEI has improved slightly in recent months, and as a result its six-month growth rate is higher than it was six months ago. Taken together, the recent behavior of the composite indexes suggests that the modest ongoing economic recovery should continue, but the pace is unlikely to accelerate in the near term.

LEADING INDICATORS. Four of the six components that make up The Conference Board LEI for Spain increased in May. The positive contributors — in order from the largest positive contributor to the smallest — are the Spanish contribution to Euro M2, job vacancies, the long-term government bond yield (inverted), and the Spanish equity price index. The negative contributors —in order from the larger negative contributor to the smaller — are the capital equipment component of industrial production and the order books survey.

With the increase of 0.4 percent in May, The Conference Board LEI for Spain now stands at 106.7 (2004=100). Based on revised data, this index increased 0.1 percent in both April and March. During the six-month span through May, the index increased 1.1 percent, and three of the six components advanced (diffusion index, six-month span equals 50.0 percent).

COINCIDENT INDICATORS. Four of the five components that make up The Conference Board CEI for Spain increased in May. The positive contributors — in order from the largest positive contributor to the smallest — were the retail sales survey, final household consumption*, employment*, and industrial production excluding construction. Real imports* remained unchanged in May

With the increase of 0.2 percent in May, The Conference Board CEI for Spain now stands at 94.6 (2004=100). Based on revised data, this index increased 0.1 percent in April and increased 0.3 percent in March. During the six-month span through May, the index increased 1.0 percent, and four of the five components advanced (diffusion index, six-month span equals 80.0 percent).

DATA AVAILABILITY. The data series used to compute The Conference Board Leading Economic Index® (LEI) for Spain and The Conference Board Coincident Economic Index® (CEI) for Spain reported in the tables in this release are those available “as of” 10 A.M. (ET) July 10, 2014. Some series are estimated as noted below.

NOTES: Series in The Conference Board CEI for Spain that are based on our estimates include final household consumption, employment and real imports.

Professional Contacts at The Conference Board:

Indicator Program: indicators@conference-board.org

Media Contacts:

Derek Servais:
+ 32 2 679 5054
derek.servais@conference-board.org

Said Rabana :
+32 2 679 5050
said.rabana@conference-board.org

©The Conference Board 2013. All data contained in this table are protected by United States and international copyright laws. The data displayed are provided for informational purposes only and may only be accessed, reviewed, and/or used in with the permission accordance of The Conference Board consistent with a subscriber or license agreement and the Terms of Use displayed on our website at www.conference-board.org. The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written permission from The Conference Board.

COPYRIGHT TERMS OF USE

All material on Our Sites are protected by United States and international copyright laws. You must abide by all copyright notices and restrictions contained in Our Sites.

You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. If you are a subscriber to any of the services offered on Our Sites, you may be permitted to use Site Material, according to the terms of your subscription agreement.

TRADEMARKS

"THE CONFERENCE BOARD," the TORCH LOGO, "THE CONFERENCE BOARD LEADING ECONOMIC INDEX", "THE CONFERENCE BOARD COINCIDENT ECONOMIC INDEX", and "THE CONFERENCE BOARD LAGGING ECONOMIC INDEX", and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether we are the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us.

Violators of these rights will be prosecuted to the full extent of the law. Nothing herein shall restrict the use of the information by news journalists using the information in a legitimate news publication or periodical.

Download related PDFs

Technical Notes
Underlying detail, diffusion indexes, components, contributions and graphs

Press Release
With graph and summary table

StraightTalk®

Straight Talk November 2013

StraightTalk® Global Economic Outlook 2014: Time to realize the opportunities for growth

From the Chief Economist

No more bumps in the road to stronger economic growth

The economy is expected to have grown at about 3 percent annualized pace in the second quarter after a very unusual and disappointing -2.9 percent contraction in the first quarter...

Read the article
Archives

  • Human Capital
  • Back to Top