20-Dec-2010 9:08 AM

US economy 'showing some sparks of life'

US' Leading Economic Index (LEI) increased (17-Dec-2010) 1.1% in Nov-2010 to 112.4 (2004=100), following a 0.4% increase in Oct-2010 and a 0.6% increase in Sep-2010, according to The Conference Board. The Coincident Economic Index (CEI) for the US increased 0.1% in Nov-2010 to 101.7 (2004=100), following a 0.2% increase in Oct-2010 and a 0.1% decline in Sep-2010. The Lagging Economic Index (LAG) declined 0.1% in Nov-2010 to 108.6 (2004=100), following no change in Oct-2010 and a 0.6% increase in Sep-2010. [more]

The Conference Board: “November’s sharp increase in the LEI, the fifth consecutive gain, is an early sign that the expansion is gaining momentum and spreading. Nearly all components rose in November. Continuing strength in financial indicators is now joined by gains in manufacturing and consumer expectations, but housing remains weak,” Ataman Ozyildirim, Economist. Source: Company Statement, 17-Dec-2010.

The Conference Board: “The US economy is showing some sparks of life in late 2010. Overall, the indicators point to a mild pickup after a slow winter. Looking further out, possible clouds on the medium term horizon include weaknesses in housing and employment,” Ken Goldstein, Economist. Source: Company Statement, 17-Dec-2010.

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