2013 Economic Calendar
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Leading Indicators
Released On 7/18/2013 10:00:00 AM For Jun, 2013
PriorPrior RevisedConsensusConsensus RangeActual
Leading Indicators - M/M change0.1 %0.2 %0.3 %0.1 % to 0.5 %0.0 %

Highlights
Yesterday's surprising drop in building permits is raising questions over the housing sector and is holding back the index of leading economic indicators which is unchanged in the June report. Other negatives are very minimal but include the stock market which so far in July is on the rebound and testing record highs. Positives are once again led by readings on credit activity and interest rates where gains in the long end reflect expectations of tapering in Fed stimulus, which is another signal of economic strength.

Other readings include a third straight 0.2 percent gain in the coincident index, one that points to a respectable rate of ongoing economic growth. The lagging index, at plus 0.3 percent, is slightly higher than the coincident index to indicate a slight slowing in the pace of ongoing growth.

A bounce back for housing permits, which is very possible given strength in home prices and the big jump in the home builder's housing market index, would give the LEI a boost in next month's reading.

Recent History Of This Indicator
The Conference Board's index of leading indicators inched only 0.1 percent higher in May with strength confined entirely to the financial components: interest rates, the stock market, and credit activity. Other readings were flat to negative with unemployment claims exerting the most drag. Factory readings were mildly negative, underscoring the uncertain outlook for the manufacturing sector, and building permits were also a negative.

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
 
 

2013 Release Schedule
Released On: 1/242/213/214/185/176/207/188/229/1911/611/2712/19
Release For: DecJanFebMarAprMayJunJulAugSepOct
 


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