Leading indicator index fell 0.2% in January
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Manufacturing News, Source : TheManufacturer.com
Published : 20 Feb 2003 21:25
The Conference Board’s leading indicator index fell 0.1% in January, while the coincident index increased 0.2%.
The Conference Board reports that the leading and coincident indicators predict a higher level of economic activity in the coming months.
Four of the 10 indicators that comprise the leading indicator index increased, including manufacturers’ new orders, average weekly claims for unemployment, real money supply, and interest rate spread. Among the indicators to drop were index consumer expectations, average weekly manufacturing hours, manufacturers’ new orders for non-defense capital goods, building permits, and stock prices. The leading index now stands at 111.2. In December, the leading index increased 0.2%, and it increased 0.5% in November.
Each of the four indicators that make up the coincident index increased during January. Industrial production was the largest positive contributor, followed by employees on nonagricultural payroll, personal income, and manufacturing and trade sales.
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