 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Country: |
USA
| | Definition: |
Average weighted index of the leading indicators (Leading economic indicators are economic indicators which tend to increase or decrease before the other indicators)
| | Description: |
Leading indicators index in the USA is a monthly average weighted index of the leading indicators: the average manufacturing-worker workweek, initial jobless claims, manufacturers’ new orders for consumer goods and materials, vendor performance, manufacturers’ new orders for nondefense capital goods, building permits, the level of the S&P 500, money supply, the interest-rate spread between the 10-year Treasury note and the fed funds rate, consumer expectations. Leading indicators index characterises economic development within the next six months. In accordance with the rule-of-thumb, negative figures of the index within three months indicate economic recession. LEI is more efficient at the peaks of economic activity. The index reverses about 10 months prior to the change from economic revival to recession and 1-2 months vice versa. From 1952 to 1998 LEI forecasted 10 recessions, 7 of which actually occurred.
| | Influence: |
Leading indicators index increase triggers USD rise
| | Market Importance: |
| | Released: |
Released monthly, as a rule at the beginning of the month at 10:00 AM ET
| | Source: |
The Conference Board, based in New York
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
+7 (495) 710-76-76
|
© 1998—2008 «Alpari» |
|
