Monday, December 20, 2010

The Leading Indicators

Last week's report on the nation's Leading Economic Indicators brought a lot of good news, with November's increase begin the biggest monthly rise in eight months. Nine of the ten indicators were positive; the only one that was negative was the measure of the nation's building permits, a sign that housing is still a problem.

But the other nine all went in the right direction in November. In order of their strength, they are:

* Supplier deliveries
* Interest rate spread
* Number of new weekly unemployment claims
* Real money supply
* Stock prices
* Consumer expectations
* Weekly manufacturing hours
* New orders for consumer goods and materials
* New orders for nondefense capital goods

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