The Conference Board announced that their U.S. Leading index decreased by 0.7% in July. Building permits, stock prices, average weekly initial claims for unemployment insurance (inverted), real money supply, and manufacturers’ new orders for consumer goods and materials had negative contributions to the index. The interest rate spread, index of consumer expectations, and manufacturers’ new orders for nondefense capital goods had positive contributions. Average weekly manufacturing hours and the index of supplier deliveries (vendor performance) were flat for the month.
Here are charts of 5 of the 10 components:
Sphere: Related Content
No comments:
Post a Comment