2013 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

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 %

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.

Consensus Outlook
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.

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

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

powered by  [Econoday]