U.S. Leading indicators rose more than expected

 

• November Leading Indicators: +0.6% to 109.1 vs. +0.5% consensus and +0.8% prior (revised from 0.7%).
• Coincident Economic Index +0.2% to 103.2.
• Lagging Economic Index -0.4% to 106.9.
• Ataman Ozyildirim, Senior Director of Economic Research: "Initial claims for unemployment insurance, new orders for manufacturing, residential construction permits, and stock prices made the largest positive contributions to the LEI. However, falling average working hours in manufacturing and consumers' worsening outlook underscore the downside risks to growth from a second wave of COVID-19 and high unemployment."