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Thursday, February 18, 2010

Leading Economics Positive, but Pace of Growth Slows

RTT News details:

While the Conference Board released a report on Thursday showing that its leading economic indicators index increased for the tenth consecutive month in January, the increase by the index was smaller than economists had been anticipating.

The report showed that the leading index increased by 0.3 percent in January following an upwardly revised 1.2 percent increase in December. The index had been expected to increase by 0.5 percent compared to the 1.1 percent growth originally reported for the previous month.

It will be interesting to see how these indicators play out when stimulus (both fiscal and monetary) are removed from the system. We already get a sense in January's data with the money supply being a 0.29% drag month over month.

Source: Conference Board