Thursday, October 22, 2009

Strong, But "Flaky" Leading Economic Indicators

Not sure why the .pdf of the latest Leading Economic Indicators is called "Flaky.pdf", but the results are strong none-the-less. Marketwatch reports:

U.S. leading economic indicators rose 1% in September, the sixth straight increase and a strong signal that a "recovery is developing," the Conference Board reported Thursday.

Eight of the 10 indicators were positive in September, the private research group said.

Over the past six months, the index of leading indicator has risen 5.7%, the fastest increase since 1983. Nine of the 10 indicators have risen over the past six months.

Source: Conference Board

1 comment:

  1. i always have trouble with claims that 40 year trends are proof of permanency. the comment of manufacturing growth continuing to improve leaves me cold. i thought that half of all manufacturing jobs had been exported to tigers, brics and latams? the flaky comment and a claim for positive news made me colder still..this may be a representation of a slight improvement from a massive plunge that the charts illustrate as a huge swing. the charts measure change in trend ..not degree..