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U.S. Dec. leading index revised to up 0.3% vs rise 0.1%
6 out of 10 U.S. leading indicators rise in Jan.
U.S. leading indicators up for fourth straight month
U.S. Jan. leading economic indicators up 1.1%
ECONOMIC REPORT: Leading indicators up for fourth straight month: Up a sharp 1.1% in Jan.
By Greg Robb, MarketWatch
Last Update: 10:11 AM ET Feb 21, 2006
WASHINGTON (MarketWatch) - A gauge of future U.S. economic activity rose for the fourth straight monthly gain, the Conference Board said Tuesday.
The index rose 1.1% in January after rising 0.3% in December. This was higher than the initial estimate of a 0.1% gain reported last month. Read full release.
The increase in January was larger than expected. The consensus forecast of Wall Street economists had been for growth of 0.6% in January, according to a survey conducted by MarketWatch. See Economic Calendar.
The strong gain in the leading index "could be a signal of a faster pace" of growth in the spring, said Ken Goldstein, labor economist at the Conference Board.
Over the last six months, the index increased 2.3%, with nine out of ten components advancing, this is ip sharply from the 1.1% pace from June to December.
The coincident index rose 0.2%, while the lagging index rose 0.7%.
Six of the 10 indicators increased in January, led by a drop in weekly jobless claims, an increase in building permits, improving vendor performance, higher stock prices and a narrower interest rate spread.
The negative contributor was lower consumer expectations.
Measures of the factory sector held steady in January.
6 out of 10 U.S. leading indicators rise in Jan.
U.S. leading indicators up for fourth straight month
U.S. Jan. leading economic indicators up 1.1%
ECONOMIC REPORT: Leading indicators up for fourth straight month: Up a sharp 1.1% in Jan.
By Greg Robb, MarketWatch
Last Update: 10:11 AM ET Feb 21, 2006
WASHINGTON (MarketWatch) - A gauge of future U.S. economic activity rose for the fourth straight monthly gain, the Conference Board said Tuesday.
The index rose 1.1% in January after rising 0.3% in December. This was higher than the initial estimate of a 0.1% gain reported last month. Read full release.
The increase in January was larger than expected. The consensus forecast of Wall Street economists had been for growth of 0.6% in January, according to a survey conducted by MarketWatch. See Economic Calendar.
The strong gain in the leading index "could be a signal of a faster pace" of growth in the spring, said Ken Goldstein, labor economist at the Conference Board.
Over the last six months, the index increased 2.3%, with nine out of ten components advancing, this is ip sharply from the 1.1% pace from June to December.
The coincident index rose 0.2%, while the lagging index rose 0.7%.
Six of the 10 indicators increased in January, led by a drop in weekly jobless claims, an increase in building permits, improving vendor performance, higher stock prices and a narrower interest rate spread.
The negative contributor was lower consumer expectations.
Measures of the factory sector held steady in January.
- Mensagens: 1620
- Registado: 17/11/2005 1:02
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