2012 Economic Calendar
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Leading Indicators  
Released On 11/21/2012 10:00:00 AM For Oct, 2012
PriorConsensusConsensus RangeActual
Leading Indicators - M/M change0.6 %0.2 %0.0 % to 0.6 %0.2 %

The index of leading economic indicators rose 0.2 percent in October pointing to modestly expanding economic activity ahead. Trends show improvement for housing and finance which are offsetting weakness in consumer/jobs and manufacturing. The Conference Board, which publishes the report, notes that Hurricane Sandy had no effect on the data, at least not in October. But they suspect November may show adverse impact on consumer spending and home building.

Consensus Outlook
The Conference Board's index of leading indicators jumped in September but with help from a lower baseline in August from a downward revision. The leading index increased 0.6 percent in September, following a 0.4 percent decline the prior month-originally down 0.1 percent. The stock market was a positive in the month as was the report's component for credit conditions. A separate reading on interest rates remains a major contributor though its methodology, which tracks the spread between long and short rates, may need a tune up, as the component's contribution to the index is waning, not increasing, as long rates are moving lower. A negative in the report was a decline in the ISM new orders component and a small drag from unemployment claims. Consumer expectations were also a negative for September.

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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