2011 Economic Calendar
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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 %

Highlights
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.

Market Consensus before announcement
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.

Definition
A composite index of ten economic indicators that should lead overall economic activity. This indicator was initially compiled by the Commerce Department but is now compiled and produced by The Conference Board. It has been revised many times in the past 30 years -- particularly when it has not done a good job of predicting turning points.  Why Investors Care
 

 

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


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