Thursday, November 18, 2010

LEIs Increase .5%

From the Conference Board:

Says Ataman Ozyildirim, economist at The Conference Board: “The LEI remains on an upward trend, suggesting the modest economic expansion will continue in the near term. The LEI’s growth has been slowing this year, but gains in the financial components helped its pickup in October.”

Says Ken Goldstein, economist at The Conference Board: “The economy is slow, but latest data on the U.S. LEI suggest that change may be around the corner. Expect modest holiday sales, driven by steep discounting. But following a post-holiday lull, the indicators are suggesting a mild pickup this spring.”

Let's take a look at the data:

The LEIs are continuing to increase, and are doing so at a steeper rate.

Only two of ten components decreased; all others (obviously) increased.