2018 Economic Calendar
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Leading Indicators  
Released On 6/21/2018 10:00:00 AM For May, 2018
PriorConsensusConsensus RangeActual
Leading Indicators - M/M change0.4 %0.3 %0.2 % to 0.5 %0.2 %

Non-accelerating but still solid growth is the signal from the index of leading economic indicators which rose 0.2 percent in May. Most of the index's 10 components are positive led once again by ISM new orders and by what are still low short-term interest rates. The slowing comes from building permits which have been mixed, factory hours which outside of May have been strong, and also jobless claims which, though edging higher compared to April, posted some of their best levels on record during the month.

Consensus Outlook
The spread between short rates and long rates is narrowing yet expectations for the index of leading economic indicators, where the yield spread has been a strong contributor, are solidly positive. Forecasters are calling for a 0.3 percent gain in May driven by exceptional strength in ISM manufacturing orders and the month's rise in the stock market.

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

2018 Release Schedule
Released On: 1/252/223/224/195/176/217/198/179/2010/1811/2112/20
Release For: DecJanFebMarAprMayJunJulAugSepOctNov

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