A composite index of ten economic indicators that should lead overall economic activity. This indicator was initially compiled by the Commerce Department but is now compiled and produced by The Conference Board. It has been revised many times in the past 30 years - particularly when it has not done a good job of predicting turning points. Why Investors Care
| Released on 11/21/07 For Oct 2007 | ||||||||||||
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Highlights
The index of leading economic indicators fell 0.5 percent in October vs. a rise of 0.1 percent in September. The largest negatives in October were building permits, jobless claims, and consumer expectations, offset in part by gains in the stock market, rising money supply, and new orders for manufacturers. The report warned that the economy may slow "a little more" after the holidays, a comment in line with yesterday's softened growth estimate from the Federal Reserve.
The Conference Board's index of leading indicators rose 0.3 percent in September, following a 0.8 percent decline in August. The largest positives in September were a slowing in vendor deliveries, a fall in jobless claims, and a rise in the stock market. The only negatives were a decline in building permits and a widening in the spread between the federal funds rate and the 10-year Treasury note.
Leading indicators Consensus Forecast for October 07: -0.3 percent
Range: -0.4 to -0.1 percent
| 2007 Release Schedule | ||||||||||||||||||||||||
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