Spain’s measure of future economic activity climbed for the second straight month in August, survey figures from the Conference Board showed Monday.
The Conference Board Leading Economic Index edged up 0.1 percent in August, following a 0.3 percent increase in the previous month. In June, the index had fallen 0.5 percent.
Out of the six components, five contributed positively to the index in August.
Between February and August of this year, the leading economic index rose by 0.1 percent, much slower than its growth of 2.3 percent over the previous six months.
The coincident index, which measures current economic activity, went up 0.2 percent in August after a 0.3 percent rise in July. Three of the four components gained during August.
“Taken together, the recent behavior of the composite indexes suggests that the current economic expansion should continue into next year, but the pace may moderate somewhat,” the Conference Board said.
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