Spain’s measure of future economic activity climbed at a faster rate in February, extending the rising trend into a sixth month, survey figures from the Conference Board showed Friday.
The Conference Board Leading Economic Index for Spain rose 0.6 percent to 102.8 from 102.2 in January, when the monthly gain was a revised 0.3 percent. The annual rate of increase was 4.4 percent and the index rose 1.2 percent in the previous six months.
The strengths among the leading indicators have become very widespread with all components advancing over the recent half year, the think tank said. Large positive contributions mainly came from the Spanish equity price index, job vacancies and the order books survey.
The coincident index, which measures current economic activity, rose 0.2 percent in February after a 0.1 percent gain in the previous month.
“Taken together, the recent behavior of the composite indexes suggests that economic activity will continue advancing, and the pace of growth may even pick up slightly in the near term,” the Conference Board said.
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