Leading Indicators Index Increases For Sixth Straight Month

(RTTNews) - Thursday morning, the Conference Board released its report on leading economic indicators in the month of September, showing that its leading indicators index increased by more than economists had been expecting.

The report showed that the leading economic index rose 1.0 percent in September following a revised 0.4 percent increase in August. Economists had expected the index to increase by 0.8 percent compared to the 0.6 percent increase originally reported for the previous month.

With the bigger than expected increase, the index rose for the sixth consecutive month, boosting the six-month growth rate to its highest pace since 1983.

The continued increase by the index reflected positive contributions from eight of the ten indicators, including the interest rate spread, consumer expectations, initial jobless claims, stock prices, real money supply, and money performance.

Average weekly manufacturing hours and building permits were the only two negative contributors to the index.

The Conference Board also said its coincident economic index was unchanged in September following a 0.1 percent increase in August. A continued drop in employment offset a continued increase in industrial production.

At the same time, the lagging economic index fell 0.3 percent in September after falling by 0.2 percent in the previous month. The decrease was partly due to negative contributions from commercial and industrial loans outstanding and the average duration of unemployment.

Ken Goldstein, Economist at the Conference Board said, “The LEI has risen for six consecutive months and the coincident economic index has increased in two of the last three months.”

“These numbers strongly suggest that a recovery is developing,” he added. “However, the intensity of that recovery will depend on how much, and how soon, demand picks up.”

For comments and feedback: contact editorial@rttnews.com

Posted in Categories: Economy, Forex, Releases, USA.

If you like this article please...

Subscribe by RSS Subscribe by Email

Email This Post To A Friend

Commodities Has Gold Just Broken Out Of Its Trend Channel? The Dirty Little Secrets Of Warrants, Options & LEAPS Interesting Articles To Read The Forgotten Commodity - Rice Commodity Investing: ETFs Or Mutual Funds? John Paulson Launching A Gold Fund With $250M Of His Own Money Profit From The Falling Dollar With ETFs Wheat Playing Catch-Up As Commodities Rally Regulators And Commodity ETFs: Why They’re Evolving Why Gold Will Surge To A Record $2,000 In 2010 Read More »	Financials Ron Paul Thinks That Fed “Oversight Is Laughable” Buffett Borrows For Rail Acquisition Investment Ideas: Here Are 3 Dirt Cheap Stocks Treasury To Auction TARP Warrants Dear Reader, We Cannot Criticize Goldman Sachs. Instead, We Admire It 2010 Outlook For The US Banking Industry Get Rid Of Your General Electric Shares Tufts Endowment And Risk Taking? Regional Bank ETFs: The Bad And The Good Tim Geithner And Congress Take The Gloves Off Read More »	Exchange Traded Funds What You Should Know About Precious Metals ETFs And Taxes Main Street Vs. Wall Street: Using ETFs To Capitalize Why You Should Watch This Leisure & Entertainment ETF Biotech Investing: Spread Your Risks With ETFs Are You Going For Yield With Your ETFs? Rydex Market Timers: At It Again Is An Asset Bubble Forming In Hong Kong’s ETF? Senior Secured Floating Rate Bonds: The Best Investments To Own When Interest Rates Rise KBW Regional Banking ETF: Fundamentals Are Stinky, But The Chart Looks Great Gold ETFs - Will The Record Rally Last? Read More »
Stocks Stock Picks For Monday: Nanometrics, Melco Crown Entertainment, MetroPCS Communications And Cell Therapeutics S&P 500 Index Is Still Overvalued This Small Oil Exploration Company Is Ripe For A Takeover… Here’s How To Profit 3 Steps To Becoming A More Successful Trader The Transportation Sector: Here Are Three Investments In A Sector That Are Ready To Soar Stock Market Briefs: DR Horton, Dell, JM Smucker Nordstrom - Momentum Stock Buy Stocks To Watch On Friday Comcast-NBC Universal Deal To Change Comcast’s Business Model India Stock Market: Renewed Buying Bolsters Markets Read More »	Forex Month To Date Review Of The Market One Reason Why The US Dollar Might Rise Forex Wrap-up: A Massive Short-Covering Rally In The US Dollar May Just Be Starting Australian Dollar: Caution Canadian Dollar: Caution “Audit The Fed” Bill Moves Along USD/JPY Pushing Against The 100 Hour Moving Average At 89.11 Swiss Franc: The Downside Prevails Japanese Yen: Under Pressure British Pound: The Downside Prevails Read More »	Economy Societe Generale Tells Investors How To Prepare For Potential “Global Collapse” Obama Commits To Free Trade Agreement With South Korea, But Auto Trade Remains An Obstacle Exponential Growth, Finite World The Message Of The 2-Year US Treasury Note, Deflation And Japan Why Investors Should Look To Japan Again Bond Sentiment: Treasury Yields May Drop LA Shipping Reaches Highest Level Since Nov. 2008 Velocity Of US Money Supply At Long Last Picking Up US Government Debt: The Actual And Hidden Costs Are Rising Every Day Latest “Disastrous” US Housing Data Doesn’t Support Homebuilder Stocks Read More »