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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IDC: 3-D printing goes mainstream
Framingham, Mass. – 3-D printing technology is rapidly gaining traction and heading toward mainstream acceptance and usage. According to a new research study from International Data Corporation (IDC), the worldwide 3-D printer market will experience tremendous unit and revenue growth from 2012 to 2017, with compound annual growth rates (CAGRs) of 59% and 29%, respectively.
IDC says the fast-paced evolution of 3-D printing has moved well beyond early adopters and hobbyists, and is now being utilized regularly in business applications where substantial cost and time-to-market benefits are gained. In addition, traditional printer vendors are increasingly seeing 3-D printing as an opportunity. HP is preparing to enter the market in mid-2014, and Konica Minolta is about to sign a U.S. agreement to distribute a leading manufacturer’s 3-D printers. Other printer vendors will look to enter this lucrative opportunity in the near future as well.
In addition to a burgeoning new product line for electronics and office supply retailers, 3-D printing technology represents a potential paradigm shift for the entire retail industry. In the not too distant future, consumers may be able to print a wide variety of products at home, leading to an entirely new sales channel where physical products can be “downloaded” like digital products.
"Print is extending beyond output on media to the creation of an actual object, and that presents incredible opportunity," said Keith Kmetz, VP, imaging, printing and document solutions. "While traditional print technologies are facing maturity, 3-D printers will see worldwide unit shipments grow by 10 times over the forecast period, and worldwide hardware value will more than double in the short term."
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Bulletin releases new dealfinder app
San Diego – Mobile messaging provider Bulletin has released DealSiftr, a mobile dealfinder app for iOS devices. With DealSiftr, users fill out a personal profile to tell the app exactly what they’re looking for, and then DealSiftr will serve up the most relevant daily deals straight to the user’s mobile device.
DealSiftr provides offers from Yelp, Restaurant.com, Amazon Local, and other location-based social networks. The app integrates with iPhone’s GPS to sift through mobile coupons and only present local offers that fit the users’ personal profile. DealSiftr is now available as a free download worldwide in the iTunes App Store.
"We built DealSiftr because we were getting frustrated with the huge crop of coupon apps that just mindlessly spam users with daily deals,” said Michael Messner, spokesperson for Bulletin.”I don’t want to have to wade through coupons for manicures and bumper repair when I’m looking for a coupon for Thai food."
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