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Conference Board: leading economic index up in November

New York -- The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.8% in November to 98.3 (2004 = 100), following a 0.1% increase in October, and a 1% increase in September.

The 10 components of The Conference Board Leading Economic Index for the U.S. include average weekly hours, manufacturing; average weekly initial claims for unemployment insurance; manufacturers’ new orders, consumer goods and materials; ISM index of new orders; manufacturers' new orders, nondefense capital goods excluding aircraft orders; building permits, new private housing units; stock prices, 500 common stocks; Leading Credit Index; interest rate spread, 10-year Treasury bonds less federal funds; and average consumer expectations for business conditions.

“The LEI continues on a broad-based upward trend, suggesting gradually strengthening economic conditions through early 2014,” said Ataman Ozyildirim, economist at The Conference Board. “Improving labor markets and new orders in manufacturing, combined with strong financial indicators, drove November’s gain. However, consumers’ outlook for the economy and the drop in housing permits continue to pose risks in 2014.” 

In addition, the Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.4% in November to 107.2 (2004 = 100), following a 0.1% increase in October, and a 0.3% increase in September. And the Conference Board Lagging Economic Index (LAG) was unchanged in November, remaining at 119.9 (2004 = 100), following a 0.3% increase in October and a 0.6% increase in September.

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