December 2012 Leading Economic Index Suggests Economic Growth Might Improve
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January 24, 2013 - 10:10am
Written by Steven Hansen
The Conference Board Leading Economic Index (LEI) for the U.S. rose 0.5% in December to 93.9 (2004 = 100). Overall, the index value has been in a tight range for most of 2012 until this growth spurt.
This index is designed to forecast the economy six months in advance. The market expected a 0.5% improvement in the LEI (versus the 0.5% reported).
At this point, the LEI and ECRI's WLI both are forecasting improving growth for the next six months.
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