Tuesday, December 20, 2011

Leading Economic Indexes Rebound Strongly in October for France, Australia and Germany

According to releases over the last several days from the Conference Board, October leading economic indicators increased by 0.5% in France (following three monthly declines), 0.6% in Australia (following two strong monthly gains), and 0.3% in Germany (following two monthly declines). 

Posted 3:53 PM Post Link 2 Comments

2 Comments:

At 12/20/2011 4:19 PM, Blogger VangelV said...

I prefer to look at some the American statistics.

'Dismal' prospects: 1 in 2 Americans are now poor or low income

U.S. consumers on average have 4 credit cards with 1 out of 7 having 10 or more.

June 12, 2009: Median Home Prices In Detroit Fall To $6,000

One in three Americans would be unable to make their mortgage or rent payment beyond one month if they lost their job, according to the results of a national survey taken in mid-September.

Typical U.S. family got poorer during the past 10 years

 
At 12/20/2011 4:45 PM, Blogger morganovich said...

LEI is a pretty quirky and ineffective indicator.

france's was moved almost entirely by one factor: yield spread. that is currently being heavily manipulated in the EU. if it was ever an economic indicator, it is not right now.

if you look at the "real" aspects of the index like industrial orders, value added manufacturing, they were down.

germany was driven entirely by the stock market, more a flight to safety than anything economic.

you need to be very careful with the underlying technicals of these LEI. they contain a lot of funny and manipulated factors and are not at all consistent across countries.

 

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