Leading Economic Indicators Back to Steady Pace Of Growth

After swinging sharply on hurricane effects in September and October, the index of leading economic indicators is back at a steady and healthy pace of growth at a 0.4 percent gain in November. Initial jobless claims have returned to pre-hurricane levels with financial indicators, manufacturing orders and consumer sentiment also positives. Other readings include a 0.3 percent gain for the coincident index and a 0.1 percent gain for the lagging index.

Recent History Of This Indicator:
Hurricane effects on unemployment claims and the factory workweek made for volatility in the index of leading economic indicators which surged 1.2 percent in October after posting only a 0.1 percent gain in September. Forecasters see the index returning back to steady growth at a consensus of 0.3 percent for November.