Chart of the Week: Leading Indicators Trend Downwards
Leading Economic Indicators increased m/m 0.1% in February after negative numbers in January, October, September, August, and July. Since these are leading indicators, they point to a slowing beginning starting around February. Half of the 10 index components were up this month. which compares to 3 in January, 5 in December, 7 in November, 2 in October, 4 in September, 4 in August, and 3 in July.
Leading Indicators Trend Downwards
click for larger chart
Source: MFR
Prior economic forecasts by Wall Street have been as high as 4.5-5% (annualized real GDP growth). The recent LEI point to weak GDP growth.
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Thursday, March 17, 2005 | 02:07 PM | Permalink
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Comments
Odd, quite a divergence from ECRI, who forecasts an aceeleration in the near (6mos) term.
Posted by: marku | Mar 17, 2005 3:35:34 PM
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