Conference Board: Eight Leading Indexes Increased
Over the last two weeks, The Conference Board has released leading economic indexes for the following eight countries, which all registered increases in April (and May for the U.S.):
1. The U.K. leading economic index increased by 0.6 percent in April to 102.2 (2004 = 100), following gains of 1.1 percent in March and 0.6 percent in February.
2. The Korea leading economic index increased 0.2 percent in April.
3. The leading economic index for Spain increased 0.2 percent in April.
4. The leading index for the United States increased 0.4 percent in May, following no change in April, and a 1.4 percent rise in March.
5. France increased 0.8 percent.
6. The leading index in Germany rose sharply again in April by 1.6%, and it has been rising for more than a year now.
7. Australia increased 0.1 percent in April.
8. Mexico increased 0.7 percent in April.
7 Comments:
meanwhile, Q1 US GDP was revised down for a second time. it is now 2.7% vs original estimates of 3.2%.
The "Change in private inventories" was revised up to a contribution of 1.88% from the previous estimate of 1.65%. So inventory adjustment accounted for over two-thirds of the GDP growth in Q1.
Fears of a double-dip have lingered throughout the recovery but have intensified recently as the economy shows little signs of robust improvement and Wall Street has witnessed a sharp trend higher in bond investing.
In remarks released Wednesday, the Federal Reserve underscored misgivings about the recovery, saying employment is showing only gradual improvement, the housing market is languishing and consumer spending is increasing only modestly.
CNBC
ECRI WLI reported as -6.9% year over year. Getting closer to -10%, the double-dip recession indicator.
'Da butt-ugly chart for morganovich.
1Q GDP revised downward to 2.7% growth, more than two-thirds of which were inventory adjustments.
The V is turning quickly into an L.
Nice to see these indexes getting better but what will that do for the US?
What will rising taxes on the middle class do for this country?
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