Thursday, December 17, 2009

Leading Indicators Rise for 8th Month to 2-Yr. High

The Leading Economic Index (LEI) increased for the 8th straight month to 104.9, the highest level since the summer of 2007, and the first time in more than five years of 8-consecutive monthly increases (since early 2004).


The Conference Board LEI for the U.S. increased again in November. The interest rate spread, initial unemployment claims (inverted), average weekly hours and housing permits made large positive contributions to the index this month, more than offsetting negative contributions from the index of supplier deliveries and the index of consumer expectations. The six-month growth in the index has slowed somewhat in recent months -- to 4.7 percent (about a 9.6 percent annual rate) in the period through November, but it remains substantially higher than the increase of 1.2 percent (a 2.4 percent annual rate) from November 2008 to May 2009. In addition, the strengths among the leading indicators have remained widespread in recent months.


At 12/17/2009 12:28 PM, Anonymous Benny "Tell It LIke It Is Man" Cole said...

Die, recession, die, die, die!
I think we are out of woods. Investors smelling profits. Next year going to be a good one. Asia is booming, and has a 20-year run yet.
If I was young, I would learn Chinese, mobe to Far East. Maybe I will anyway.

At 12/18/2009 12:50 AM, Anonymous Adios said...

The FDIC just authorized the hiring of 1650 additional two-year term employees and increased their operating budget by $1.4 billion.

What do those leading indicators tell you?

At 12/18/2009 1:51 AM, Anonymous Galaxy Quest said...

The Coincident Economic Indicators aren't looking too healthy. Those that aren't down are running flat.


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