Global Macro Perspectives
Conference Board Leading Economic Index (LEI) rose 0.5% in October. The consensus was at 0.6%, prior revised reading (from +0.3%) was at 0.5%. On year level LEI is up 6.0% vs. 6.8% in August.
This is uber-Keynesian indicator as 43% of its value is derived from monetary factors (M2 and interest rate spread)…
(For September 2010) Conference Board Leading Economic Index (LEI) rose 0.3% in September. The consensus was at 0.3%, prior revised reading (from +0.3%) was at 0.1%. On year level LEI is up 6.0% vs. 6.8% in August. This is uber-Keynesian indicator as 43% of its value is derived from monetary factors (M2 and interest rate spread). […]
(For August 2010) If you were (same as I) wondering why market moved up it was because of this. Conference Board Leading Economic Index (LEI) rose 0.3% in August. The consensus was at 0.1%, prior revised reading was at 0.1%. On year level LEI is up 6.9% vs. 7.2% in July. Digging little deeper we can […]
Conference Board Leading Economic Index (LEI) rose 0.1% in July. The consensus was at 0.1%, prior revised reading was at -0.3%. LEI contrary to ECRI Leading Index is pointing to minimal GDP growth. Chart 1. Conference Board Leading Economic Index