Article: The Leading Index for Spain Declined 0.4 Percent

The Conference Board issued the following news release:

The Conference Board announced today that the leading index for Spain declined 0.4 percent and the coincident index decreased 0.1 percent in June.

*The leading index continued to decline in June. Stock prices, the order books survey and the longterm government bond yield (inverted) all made large negative contributions. During the first half of 2008, the leading index declined by 1.9 percent (about a -3.8 percent annual rate), well below the 3.2 percent annual rate of increase for the last half of 2007. Additionally, the weaknesses among the leading indicators have remained widespread in recent months.

*The coincident index declined in ...

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