The Gain In Spain Is On More Than The Plain

The Conference Board's index of leading economic indicators is suggesting that "moderate to strong" economic growth will continue for several months.

The leading index increased six-tenths of a percentage point in May, the most recent month for which data are available, a result of job generation and strong demand for capital equipment. The leading indicator for Spain now stands at 144.4 (1990=100).

In the first quarter of 2006, Spain's economy grew at a 3.3% annual rate.

The Conference Board is a New York-based business research group.

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