Leading Indicators Drop (again)

Thursday, October 20, 2005 | 11:33 AM

The Leading Economic Indicators dropped 0.7% in September. The Conf Board blamed higher energy prices, declining consumer confidence and a rise in jobless claims for the index' decline. Recall that the LEIs were recently revised to maintain a more positive bias.

The Conference Board blamed the decline on "the negative impact of the hurricanes and flooding, resulting in lost jobs and incomes, and lost output" and admitted that "we could be in for slower economic growth through the end of the year."

Only 4 of the 10 indicators that showed improvement: vendor performance, building permits, interest rate spread and stock prices.

Negatives: weekly initial jobless claims, Consumer expectations, real money supply, manufacturers' new orders (nondefense capital goods), manufacturers' new orders (consumer goods),and  materials  all weakened.

<spacer>

Sources:
U.S. LEADING ECONOMIC INDICATORS AND RELATED COMPOSITE INDEXES FOR SEPTEMBER 2005
http://www.conference-board.org/economics/bci/pressRelease_output.cfm?cid=1
(See also PDF)

Leading Indicators Drop 0.7% Amid Increasing Energy Costs
DOW JONES NEWSWIRES
October 20, 2005 10:28 a.m.
http://online.wsj.com/article/SB112981122090274284.html

Thursday, October 20, 2005 | 11:33 AM | Permalink | Comments (4) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d834254a1b53ef

Listed below are links to weblogs that reference Leading Indicators Drop (again):

» Leading Indicators Drop from None of Your Business
The Leading Economic Indicators have Dropped again. This shouldnt be much of a suprise to those that follow the indicators on at least a semi-annual basis. The bond yeild is the warning bell signalling that keen investors are recognizing the... [Read More]

Tracked on Oct 21, 2005 7:14:12 PM

Comments

calling all contrarians....the LEI is the least useful leading indicator.........

http://bigpicture.typepad.com/comments/2005/09/economists_name.html

so maybe the apocalypse has been discounted into prices ....

http://www.thestreet.com/p/_rms/rmoney/jamesaltucher/10247035.html


Posted by: john | Oct 20, 2005 12:31:09 PM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner