The Conference Board Leading Economic Index® (LEI) for Spain increased 0.5 percent in June to 107.2 (2004 = 100), following a 0.4 percent increase in May, and a 0.1 percent increase in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Spain, a measure of current economic activity, fell 0.1 percent in June to 94.5 (2004 = 100), following a 0.2 percent increase in May, and a 0.1 percent increase in April.
The LEI for Spain increased for the fourth consecutive month in June, and as a result, its six-month growth rate has improved. Meanwhile, despite a small dip in June, the CEI is up moderately for the year and its six-month growth rate continues to accelerate. Taken together, the recent behavior of the composite indexes suggests that the current modest economic recovery should continue in the second half of this year.