Economic Collapse

[basserdan]

10:00a U.S. leading indicators increase 0.2% in February vs -0.1% prior month ( https://tinyurl.com/y488xmdq )
Definition
The index of leading economic indicators is a composite of 10 forward-looking components including building permits, new factory orders, and unemployment claims. The report attempts to predict general economic conditions six months out.


10:00a Quarterly Services Report Q/Q 1.2% actual vs 1.9% prior report
Definition
The Census Bureau quarterly services survey focuses on information and technology-related service industries. These include information; professional, scientific and technical services; administrative & support services; and waste management and remediation services. These sectors correspond to three NAICS sectors (51, 54, and 56). The Quarterly Services Survey produces estimates of total operating revenue and the percentage of revenue by class of customer.


10:30a EIA Natural Gas Inventory weekly change -47bcf actual vs -204bcf prior week
Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.