Spain - CLI Component Series & Turning Points

Component Series (Unit)

Source

Production:future tendency (manufact.) (% balance)

Ministry of Industry, Commerce & Tourism (MICT)

Order books/demand:fut. tendency (mfk) (% balance)

MICT

Finished goods stocks: level (mfk) (% balance) Inverted

MICT

Nights in hotels (number)

National Statistical Institute

Yield > 2-year government bonds  (% per annum) Inverted

Bank of Spain

Reference chronology of turning points

Peak 1961M11, Trough 1963M7, Peak 1966M4, Trough 1968M4, Peak 1969M5, Trough 1971M4, Peak 1974M2, Trough 1976M2, Peak 1979M8, Trough 1982M8, Peak 1983M12, Trough 1985M4, Peak 1989M6, Trough 1991M3, Peak 1991M12, Trough 1993M4, Peak 1995M2, Trough 1996M8, Peak 1998M4, Trough 2002M3, Peak 2004M5, Trough 2005M2, Peak 2007M7