Friday, November 18, 2011

Leading economic indicators up nicely in October

The Conference Board Leading Economic Indicators (LEI, but actually they call it Leading Economic Index) rose by 0.9% in October. That' good news and a positive indicator for the next couple of months. Their economist says that "The LEI is pointing to continued growth this winter, possibly even gaining a little momentum by spring."
Yes, Europe is still hanging, twisting slowly in the wind out there, but it has been for a while, so it's nothing new and likely mostly factored into most planning already, and likely factored into the economic activity that the LEI measures. In fact, probably overly-factored into most plans.


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