Thursday, May 17, 2018
Leading Economic Indicators Show Solid Gains
A rise in the factory workweek and a still favorable rate spread in the
bond market (short rates lower than long rates) are the leading
positives in April's index of leading economic indicators, up a solid
0.4 percent. Holding back the index in April were the stock market and a
step back in building permits. Though still solid, gains in the LEI
have been easing back which the report notes lowers the chances that
economic growth will accelerate later this year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment