Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Spain
LORSGPORESQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114.32
Year-over-Year Change
13.30%
Date Range
1/1/1960 - 10/1/2023
Summary
The Composite Leading Indicators: Reference Series (GDP) for Spain is a key economic indicator that tracks the country's overall economic performance and helps predict future trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index is a composite of various leading economic indicators, such as industrial production, consumer confidence, and stock prices, that are designed to signal turning points in the Spanish economy. It serves as an important tool for policymakers and analysts to assess the health and direction of the Spanish economy.
Methodology
The data is collected and calculated by the Organisation for Economic Co-operation and Development (OECD).
Historical Context
The Composite Leading Indicators are widely used by economists and policymakers to monitor and forecast economic conditions in Spain.
Key Facts
- The index is calculated using a composite of 7 different leading indicators.
- Spain's Composite Leading Indicators have shown consistent growth since 2013.
- The index is published monthly by the OECD.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicators: Reference Series (GDP) for Spain measures the overall economic performance and direction of the Spanish economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a valuable tool for policymakers and economists to assess the health and predict the future trajectory of the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the OECD using a composite of leading economic indicators for Spain.
Q: How is this trend used in economic policy?
A: The Composite Leading Indicators are widely used by Spanish and international policymakers to monitor and forecast economic conditions, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly by the OECD with minimal delays, providing timely insights into the performance of the Spanish economy.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Spain (LORSGPORESQ661S), retrieved from FRED.