2012 Economic Calendar
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Leading Indicators  
Released On 6/21/2012 10:00:00 AM For May, 2012
PriorConsensusConsensus RangeActual
Leading Indicators - M/M change-0.1 %0.0 %-0.3 % to 0.4 %0.3 %

Today's economic numbers are mixed but forward momentum is still positive according to the index of leading indicators. This index posted a better-than-expected 0.3 percent gain for May after an unrevised 0.1 percent dip in April and marginally revised 0.2 percent gain in March (previously up 0.3 percent). Strength in the latest month was in building permits (+0.21 percent contribution), the Treasury/fed funds spread (+0.18 percent contribution), and in the ISM new orders index (+0.10 percent contribution). The key negatives were the factory workweek (-0.13 percentage contribution) and stock prices (-0.13 percentage contribution).

The coincident index rose 0.2 percent, matching the pace in April, indicating that current economic activity is moderately positive.

Overall, the economy has been slow but it is continuing to grow.

Consensus Outlook
The Conference Board's index of leading indicators in April declined 0.1 percent, following a 0.3 percent rise in March and 0.7 percent boost in February. The two biggest negatives in April were building permits and initial jobless claims, with negative percentage contributions of 0.20 and 0.19, respectively. The positives in the report were once again led by the spread between short and long rates, a spread made favorable by the Fed's near zero rate policy. This component added 0.20 percentage points to the April index. Indications on factory orders and credit conditions were also positive.

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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