Charts of the Week
Conference Board Leading Indicators
Chart of the Week for August 30, 2019 - September 5, 2019
The U.S. Conference Board publishes a monthly index of leading indicators that compose seven nonfinancial and three financial components. Economists monitor the index as the data may precede swings in the broader economy. The chart above shows the monthly percentage change in the leading indicators from July 2018 through July 2019.
The July increase of 0.5% was well above the consensus expectation of a 0.2% increase following decreases in the previous two months. Building permits and unemployment claims were the largest contributors to the July increase. Financial markets were a mixed contributor as stock prices were a positive contributor while interest rate spreads were a modestly negative contributor. Economists continue to cite strong labor markets and consumer spending as a positive driver for the economy and caution about the impact of political events such as trade and monetary policies.
Posted by: sarah_oz@yahoo.com
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