The Conference Board Leading Economic Index® (LEI) for Spain declined 0.4 percent in June to 102.7 (2010 = 100), following a 0.4 percent decline in May, and a 0.4 percent increase in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.3 percent in June to 96.5 (2010 = 100), following a 0.2 percent increase in May, and a 0.3 percent increase in April.
The LEI for Spain declined again in June, and as a result, its six-month growth has moderated over the past six months. 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 economy is likely to continue to advance for the remainder of this year, but the pace of growth may moderate somewhat.
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