Your Economy (No Politics)

[Bullwinkle]

US leading economic indicators rise in November
Thursday, December 22, 2005 1:54:36 PM ET


NEW YORK, December 22 (newratings.com) – The Conference Board Thursday announced that its Index of Leading Economic Indicators for the US rose 0.5% in November.

The private research group said that the increase in its index, which is an indicator of future economic growth, was driven partly by lower-than-expected jobless claims. While the report indicated that the US economy would grow moderately through spring, the Conference Board warned of rising costs associated with high energy prices. The Conference Board's measure of current economic activity, the coincident index, rose 0.2% in November, in-line with the growth in October. The research group said that its coincident index has been driven over the last six months by industrial production and employment. The Associated Press quoted Chris Low, chief economist at FTN Financial, as saying that a 0.5% increase in the Leading Economic Indicators is considered robust.


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