The Conference Board Leading Economic Index® (LEI) for Spain increased 0.4 percent in October to 103.4 (2010 = 100), following no change in September, and a 0.1 percent increase in August.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, increased 0.2 percent in October to 97.8 (2010 = 100), following a 0.3 percent increase in September, and a 0.2 percent increase in August.
Despite the LEI's improvement in October, the six-month growth rate of the LEI remains slightly negative. Meanwhile, the CEI continues increasing at a modest pace, although its six-month growth rate remains the same as six months ago. Taken together, the recent behavior of the composite indexes suggests that the current economic expansion may moderate somewhat early next year.
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