2012 Economic Calendar
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Leading Indicators  
Released On 2/17/2012 10:00:00 AM For Jan, 2012
PriorPrior RevisedConsensusConsensus RangeActual
Leading Indicators - M/M change0.4 %0.5 %0.5 %0.3 % to 1.4 %0.4 %

Stimulative monetary policy, momentum in the manufacturing sector and a bullish stock market are three central strengths for the economic outlook. These factors led the index of leading economic indicators to a solid 0.4 percent gain in January following upwardly revised gains of 0.5 and 0.3 percent in the prior two months. Other areas showing strength in January include credit activity and building permits, gains that underscore the improving outlook for the housing and construction sectors. Interestingly, jobless claims pulled the index down in January but, given significant declines so far this month, look to return to the positive column in this report for next month. This report offers a summation of economic news which has been convincingly positive for this economy, especially striking at a time when Europe is stumbling.

Consensus Outlook
The Conference Board's index of leading indicators in December showed a respectable 0.4 percent gain versus sharply downward revised gains in the prior two months of plus 0.2 and plus 0.6 percent. For the latest month, the biggest positive contributions came from the rate spread (between the 10-year T-note and fed funds) and initial jobless claims. Other readings were close to neutral but with consumer expectations a moderate negative. Other details included a 0.3 percent gain for the coincident index, up from a 0.1 percent gain in December but down from an outsized 0.8 percent gain in November.

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

2012 Release Schedule
Released On: 1/262/173/224/195/176/217/198/179/2010/1811/2112/20
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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