BRUSSELS , Belgium , July 13 / PRNewswire / --The Conference Board Leading Economic Index ( TM ) ( ) ( LEI ) for Spaindeclined0.1 percent . The Conference Board Coincident Economic Index ( TM ) ( ) ( CEI ) decreased0.5 percent in May. offset positive contributions from order books survey and stock prices. the leading indicators have become balanced in recent months. decline of 3.8 percent annual rate for the fourth quarter of 2008. result , the pace of its six-month contraction has slowed recently. activity is likely to continue in the near term .