2011 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Leading Indicators  
Released On 11/18/2011 10:00:00 AM For Oct, 2011
PriorConsensusConsensus RangeActual
Leading Indicators - M/M change0.2 %0.5 %0.2 % to 0.8 %0.9 %

Positive momentum in economic data is strongly evident in the index of leading economic indicators which shows a very strong 0.9 percent rise for October. Gains among the components are wide and convincing led by building permits and including gains in the factory workweek, the stock market, and an easing number of unemployment claims. There's only one negative in the month and it's marginal with vendor deliveries showing slightly fewer delays.

The report says the results indicate that downturn risk is receding and that economic growth will continue through the winter. Other readings include a 0.2 percent gain for the coincident index following two prior months of no change. Today's results are a reminder that the economy is accelerating despite troubles in Europe.

Consensus Outlook
The Conference Board's index of leading indicators rose 0.2 percent in September, following a 0.3 percent gain the month before and a 0.6 percent jump in July. The latest increase was led by the rate differential between the 10-year T-note and fed funds which contributed 0.20 percentage points. Positives were also seen in money supply, vendor performance, consumer expectations, and new orders for consumer goods. Negatives were led by a dip in housing permits with downward movement also seen in new orders for nondefense capital goods, stock prices, and initial jobless claims. The factory workweek was neutral. The index of coincident indicators rebounded 0.1 percent, following a 0.1 percent dip in August.

The index of leading economic indicators is a composite of 10 forward-looking components including building permits, new factory orders, and unemployment claims. The report attempts to predict general economic conditions six months out.  Why Investors Care

2011 Release Schedule
Released On: 1/202/173/174/215/196/177/218/189/2210/2011/1812/22
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

powered by  [Econoday]