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 %

Highlights
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.

Recent History Of This Indicator
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.

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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