2012 Economic Calendar
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U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar

Leading Indicators
Released On 3/22/2012 10:00:00 AM For Feb, 2012
PriorPrior RevisedConsensusConsensus RangeActual
Leading Indicators - M/M change0.4 %0.2 %0.6 %0.3 % to 0.8 %0.7 %

Highlights
Improvement in the jobs market is emerging as the most significant factor lifting the economic outlook. The fall in jobless claims headlines a giant 0.7 percent rise in the index of leading economic indicators. The low overnight lending rate for banks, which has been the dominant positive of the recovery, now shares the number one spot with jobless claims. The third and fourth ranking positives for February are the stock market and building permits, gains that hint at a bull market and accelerating recovery for the housing sector. Manufacturing data are positive as is the indication on credit. This report is a stand-out and, unless the gains raise questions of too much strength, should be a positive for today's stock market.

Recent History Of This Indicator
The Conference Board's index of leading indicators advanced a solid 0.4 percent in January following upwardly revised gains of 0.5 and 0.3 percent in the prior two months. Stimulative monetary policy, momentum in the manufacturing sector and a bullish stock market were three central strengths for the economic outlook. 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.

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
 
 

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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