Leading Economic Indicators Surge in November
New York, NY, Dec. 20, 2013 -- The index of leading economic indicators rose 0.8% in November compared to October, according to the Conference Board.
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That followed an increase of 0.1% the previous month.
“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.”