U.S. Economic Index Extends Gains to Five Months
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The Conference Board U.S. Leading Economic Index (LEI)
showed a "sharp increase" last month, making November the fifth consecutive month of gains.
The U.S. LEI increased 1.1% in November to 112.4, following a 0.4% increase in October, and a 0.6% increase in September.
"November's sharp increase in the LEI is an early sign that the expansion is gaining momentum and spreading," explained Ataman Ozyildirim, economist at The Conference Board. "Nearly all components rose in November. Continuing strength in financial indicators is now joined by gains in manufacturing and consumer expectations, but housing remains weak," he added.
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.1% last month to 101, following a 0.2% increase in October, and a 0.1% decline in September.
The Conference Board Lagging Economic Index (LAG) fell 0.1% in November to 108.6, following no change in October, and a 0.6% increase in September.
"The U.S. economy is showing some sparks of life in late 2010," said Ken Goldstein, economist at The Conference Board. "Overall, the indicators point to a mild pickup after a slow winter. Looking further out, possible clouds on the medium term horizon include weaknesses in housing and employment," Goldstein said.
Read The Conference Board news release.
Download the news release with graph and summary table here.