Spain Leading Index Continues To Rise

Spain’s leading index continued to climb in November, helped by strong order book balances, a survey from the Conference Board said on Friday.

The Conference Board Leading Economic Index for Spain rose 0.3 percent in November to 105.4, following a 0.2 percent increase in October and 0.4 percent climb in September. In the six months to November, the index gained 1.5 percent.

Among the six components of the index, four increased in November. They were the order books survey, the long-term government bond yield, job vacancies, and the Spanish contribution to Euro M2. Negative contribution came from the Spanish equity price index. Meanwhile, the capital equipment component of industrial production was unchanged.

The coincident index of the survey edged up 0.1 percent in November, following a similar increase in October and a 0.1 percent fall in November.

The material has been provided by InstaForex Company – www.instaforex.com

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