Spain - CLI Component Series & Turning Points

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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 (P = Peak, T = Trough, Date = mmyy) : P1266 T0468 P1069 T0171 P0874 T0276 (P0978) (T0279) P0380 (T0882) (P0383) T0186 (P0389) (T0391) P1291 T0493 P1294 T1296 (P0298) (T0599) P0200 Minor cycles appear in brackets.

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