Tuesday, November 21, 2006

Forex News: U.S. Oct. leading indicators increases 0.2%

Forex News

Indicator of future economic growth shows the U.S. economy should continue to develop at a slow pace.

The index of leading economic indicators increased 0.2% in October. The rise of the index was slightly below the expectations of analysts. Economists had forecasted a 0.3% growth.

In September, the index of leading economic indicators was revised to a 0.4% gain from the initial estimate of a 0.1% rise. The coincident index rose 0.1% in October, while the lagging index rose 0.2%.


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