Contributing most to the unexpectedly large gain in January were building permits, stock prices and once again ISM's new orders index, where unusually strength has not yet been translated to similar gains in government data. Steady contributions continue to come from average initial claims, consumer expectations, the interest rate spread and the report's credit index.
Recent History Of This Indicator:
Despite all the turbulence, January was still a positive for the stock market which looks to contribute solidly to the month's index of leading economic indicators. Extraordinary strength in ISM new orders will be a key positive as will the month's decline in jobless claims. January's call for the LEI is a very strong 0.6 percent gain.
Despite all the turbulence, January was still a positive for the stock market which looks to contribute solidly to the month's index of leading economic indicators. Extraordinary strength in ISM new orders will be a key positive as will the month's decline in jobless claims. January's call for the LEI is a very strong 0.6 percent gain.
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