The AP (1/23, Crutsinger) reported that the Conference Board on Friday said that its index of leading indicators rose 0.5% last month, following a revised gain of 0.4%. The index had posted solid increases in September and October after a flat reading in August. December’s increase reflected widespread strength, with eight of the 10 indicators that make up the index all higher. “The short-term outlook is getting brighter and the economy continues to build momentum,” said Ataman Ozyildirim, a Conference Board economist. “Still, a lack of growth in residential construction and average weekly hours in manufacturing remains a concern.” The only negative contributor to the index last month was a decline in building permits. Average weekly manufacturing hours held steady, meaning it neither added to nor subtracted from the overall index reading." /> The AP (1/23, Crutsinger) reported that the Conference Board on Friday said that its index of leading indicators rose 0.5% last month, following a revised gain of 0.4%. The index had posted solid increases in September and October after a flat reading in August. December’s increase reflected widespread strength, with eight of the 10 indicators that make up the index all higher. “The short-term outlook is getting brighter and the economy continues to build momentum,” said Ataman Ozyildirim, a Conference Board economist. “Still, a lack of growth in residential construction and average weekly hours in manufacturing remains a concern.” The only negative contributor to the index last month was a decline in building permits. Average weekly manufacturing hours held steady, meaning it neither added to nor subtracted from the overall index reading." /> The AP (1/23, Crutsinger) reported that the Conference Board on Friday said that its index of leading indicators rose 0.5% last month, following a revised gain of 0.4%. The index had posted solid increases in September and October after a flat reading in August. December’s increase reflected widespread strength, with eight of the 10 indicators that make up the index all higher. “The short-term outlook is getting brighter and the economy continues to build momentum,” said Ataman Ozyildirim, a Conference Board economist. “Still, a lack of growth in residential construction and average weekly hours in manufacturing remains a concern.” The only negative contributor to the index last month was a decline in building permits. Average weekly manufacturing hours held steady, meaning it neither added to nor subtracted from the overall index reading." />

Posted in: Industry News

26

Index Of Leading Economic Indicators Up 0.5% In December

Posted on Monday, January 26, 2015

Index Of Leading Economic Indicators Up 0.5% In December

The AP (1/23, Crutsinger) reported that the Conference Board on Friday said that its index of leading indicators rose 0.5% last month, following a revised gain of 0.4%. The index had posted solid increases in September and October after a flat reading in August. December’s increase reflected widespread strength, with eight of the 10 indicators that make up the index all higher. “The short-term outlook is getting brighter and the economy continues to build momentum,” said Ataman Ozyildirim, a Conference Board economist. “Still, a lack of growth in residential construction and average weekly hours in manufacturing remains a concern.” The only negative contributor to the index last month was a decline in building permits. Average weekly manufacturing hours held steady, meaning it neither added to nor subtracted from the overall index reading.

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