July’s leading economic indicators index rose 0.6%, experiencing its fourth consecutive month of gains. The Bloomberg consensus forecast was for an increment of +0.7%. Rate spread, claims, and manufacturing hours all made positive contributions, while consumer expectations, M2, and permits were the biggest negative contributors. The LEI tends to be a good forward looking indicator […]
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LEI
The index of leading indicators was up in June by 0.7%, or slightly above the market consensus of 0.5%. At the same time May’s number was revised up to 1.3% from 1.2%. This is the third consecutive month of gains for the index. In the release the Conference Board was quoted as saying, “The behavior […]