Thursday, December 21, 2006

Forex News: 21.12.2006 Leading indicators index increase 0.1% in November

Slow economic growth is likely to continue in the near term, as it was reported that the index of leading economic indicators rose 0.1% in November, the third straight increase.

The increase was exactly as predicted by economists. The index rose 0.1% in October and 0.4% in September.

Four of the 10 leading indicators increased in November: money supply, vendor performance, core capital goods orders and stock prices. Five indicators contracted: jobless claims, building permits, the interest rate spread, the factory workweek, and consumer expectations. Orders for consumer goods held steady.

Over the past six months, the index is up 0.2%. The index is designed to foreshadow turning points in the economy six to nine months ahead.


Post a Comment

<< Home