Global Leading Indicators

For Release 10:30 AM ET, June 10, 2025

Using the Composite Indexes: The Leading Economic Index (LEI) provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term. The Coincident Economic Index (CEI) provides an indication of the current state of the economy. Additional details are below.

The Conference Board Leading Economic Index^® (LEI) for Spain increased by 0.2% in April 2025 to 101.3 (2016=100), partially recovering from a 0.5% decline in March. Over the six-month period between October 2024 and April 2025, the LEI for Spain increased by 0.5%, a continuation of the 0.5% growth over the previous six months, between April and October 2024.

The Conference Board Coincident Economic Index^® (CEI) for Spain rose by 0.3% in April 2025 to 115.8 (2016=100) after a similar 0.3% gain in March and February. The CEI also expanded by 1.7% from October 2024 to April 2025, accelerating from a 1.2% increase over the previous six-month period.

“The LEI for Spain rose in April, partially recovering after March’s retreat from a two-and-a-half-year high,” said Allen Li, Associate Economist at The Conference Board. “Four of the six components of the Spain LEI contributed positively, led by order books, long term bond yields, and to a much lesser extent, equity prices and capital equipment. These favorable developments likely reflect some easing of uncertainty around trade and policy which weighed on the Index in March. Over the past six months, most of the components of the Index were in positive territory despite the growth rate of the Index trending slightly lower. This suggests that economic activity will moderate but remain relatively solid in 2025. The Conference Board currently expects the Spanish GDP to grow by 2.5% in 2025, slightly upgraded from 2.3%, but less than 3.2% in 2024.”

The next release is scheduled for Thursday, July 10, 2025, at 9:30 A.M. ET.