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Spanish Leading Index Rises For Third Month: Conference Board

4/12/2012 4:13 AM ET

Spain's leading economic index increased for the third month in a row in February, data from a survey by the Conference Board showed Thursday.

The leading economic index increased 01 percent month-on-month to 105.5 in February, marking the third consecutive increase. In January and December, the rates of growth were 0.5 percent and 0.4 percent respectively.

The index increased in February as the long-term government bond yield, the Spanish contribution to Euro M2 and the capital equipment component of industrial production more than offset a large negative contribution from order books survey.

The coincident economic index, which measures the current situation, dropped by 0.1 percent sequentially to 98.4 in February.

In the six months ended February, the leading index declined by 0.7 percent, while the coincident index decreased 1.9 percent.

by RTT Staff Writer

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