Press Release: The Conference Board Leading Economic Index(R) (LEI) for the U.S. Increased in January

Date : 17/02/2017 @ 15:30
Source : Dow Jones News

Press Release: The Conference Board Leading Economic Index(R) (LEI) for the U.S. Increased in January

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

PR Newswire

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:

http://www.conference-board.org/data/bcicountry.cfm?cid=1

For more information about The Conference Board global business cycle indicators:

http://www.conference-board.org/data/bci.cfm

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 / courter@conference-board.org, Jonathan Liu, 212-339-0257 / jonathan.liu@conference-board.org

 

/Web site: http://www.conference-board.org

 

(END) Dow Jones Newswires

February 17, 2017 10:15 ET (15:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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