From Dow Jones Newswires
The Conference Board Leading Economic Index(R) (LEI) for the U.S. Increased in January
Index Points to Continued Economic Growth in First Half of 2017
NEW YORK, Feb. 17, 2017
NEW YORK, Feb. 17, 2017 /PRNewswire/ -- The Conference Board Leading Economic Index(R) (LEI) for the U.S. increased 0.6 percent in January to 125.5 (2010 = 100), following a 0.5 percent increase in December, and a 0.2 percent increase in November.
"The U.S. Leading Economic Index increased sharply again in January, pointing to a positive economic outlook in the first half of this year," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "The January gain was broad based among the leading indicators. If this trend continues, the U.S. economy may even accelerate in the near term."
The Conference Board Coincident Economic Index(R) (CEI) for the U.S. increased 0.1 percent in January to 114.4 (2010 = 100), following a 0.3 percent increase in December, and no change in November.
The Conference Board Lagging Economic Index(R) (LAG) for the U.S. increased 0.3 percent in January to 123.7 (2010 = 100), following a 0.5 percent increase in December, and a 0.2 percent increase in November.
About The Conference Board Leading Economic Index(R) (LEI) for the U.S.
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component -- primarily because they smooth out some of the volatility of individual components.
The ten components of The Conference Board Leading Economic Index(R) for the U.S. include:
Average weekly hours, manufacturing
Average weekly initial claims for unemployment insurance
Manufacturers' new orders, consumer goods and materials
ISM(R) Index of New Orders
Manufacturers' new orders, nondefense capital goods excluding aircraft orders
Building permits, new private housing units
Stock prices, 500 common stocks
Leading Credit Index(TM)
Interest rate spread, 10-year Treasury bonds less federal funds
Average consumer expectations for business conditions
For full press release and technical notes:
For more information about The Conference Board global business cycle indicators:
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
Summary Table of Composite Economic Indexes ----------------------------------------------------------------- 2016 2017 6-month Nov Dec Jan Jul to Jan Leading Index 124.1 r124.7 r125.5 p Percent Change 0.2 r0.5 0.6 p1.6 Diffusion 70.0 85.0 85.0 90.0 Coincident Index 114.0 114.3 114.4 p Percent Change 0.0 0.3 0.1 p0.8 Diffusion 75.0 100.0 75.0 87.5 Lagging Index 122.7 r123.3 r123.7 p Percent Change 0.2 r0.5 r0.3 p1.6 Diffusion 64.3 92.9 64.3 71.4 p Preliminary r Revised Indexes equal 100 in 2010 Source: The Conference Board
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-conference-board-leading-economic-index-lei-for-the-us-increased-in-january-300409462.html
SOURCE The Conference Board
/CONTACT: Carol Courter, 212-339-0232 / firstname.lastname@example.org, Jonathan Liu, 212-339-0257 / email@example.com
/Web site: http://www.conference-board.org