Forex News 24
  • RSS

news

U.S. Leading Economic Index Rises In Line With Estimates In March

U.S. Leading Economic Index Rises In Line With Estimates In March
админ
19/04/2018

7adedebc274b30a683ac8435ca41cb88 - U.S. Leading Economic Index Rises In Line With Estimates In March

A report released by the Conference Board on Thursday showed its index of leading U.S. economic indicators increased in line with economist estimates in the month of March.

The Conference Board said its leading economic index rose by 0.3 percent in March after climbing by an upwardly revised 0.7 percent in February.

Despite the slowdown in the pace of growth, Ataman Ozyildirim, Director of Business Cycles and Growth Research at the Conference Board, noted the six-month growth rate points to continued solid growth in the U.S. economy for the rest of the year.

“The strengths among the components of the leading index have been very widespread over the last six months,” Ozyildirim said. “However, labor market components made negative contributions in March and bear watching in the near future.”

The increase by the leading economic index reflects positive contributions from six of the ten indicators that make up the index.

The positive contributors included the interest rate spread, the ISM new orders index, average consumer expectations for business conditions, building permits, the Leading Credit Index, and manufacturers’ new orders for consumer goods and materials

Negative contributions from average weekly manufacturing hours, average weekly initial jobless claims and manufacturers’ new orders for non-defense capital goods excluding aircraft limited the upside for the index.

The report said the coincident economic index also edged up by 0.2 percent in March after rising by 0.4 percent in February, reflecting positive contributions from all four indicators that make up the index.

The lagging economic index inched up by 0.1 percent in March following a 0.3 percent increase in February, with five of the index’s seven components advancing.

by

Source

Related ItemscapitaleconomicIndexindicatorsinterest ratejobless claimslabor marketmarketrate

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
19/04/2018
админ
Related ItemscapitaleconomicIndexindicatorsinterest ratejobless claimslabor marketmarketrate

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Exclusive: China looks to speed up chip plans as U.S. trade tensions boil – sources
Philly Fed Index Unexpectedly Indicates Faster Growth In April