Leading Indicators of US economy at a high
Posted by Stephen Cline on April 23rd, 2010A private research group has claimed that the US economy is witnessing a high in terms of leading indicators that are quite encouraging. Indeed, these indices have not been so encouraging in quite along time which seems to point out a kind of sharp and smart recovery for the US economy. The index of these leading US economy indicators has shown an uptrend of 1.4% and it has risen for the 12th straight month which is indeed quite encouraging and points to the US economy coming out of the woods pretty soon. The rise by 1.4% is higher by 0.4%over the 1% that economists and analysts had predicted.
The leading indicators seem to show a slow recovery which seems to be getting sustained over the months and could continue o the next few months in the US economy. While US stocks gains remained slim, debt prices and the dollar also did not change much. The index was pulled down by real money supply and demand for non defense capital goods. Consumer expectation also remained a key area of concern. The recovery in the manufacturing sector as well as stock market prices did have quite a weight on the US economy leading indicators.
Tags: Indicators, US economy