US DATA: Conference Bd announced changes to LEI eff with the Jan 26
release, which represent comprehensive benchmarks. This is the first
major overhaul of LEI since 1996. They incl “The former Real Money
Supply (M2) component will be removed, retroactive to 1990, and replaced
by a new Leading Credit Index. ISM Supplier Delivery Index will be
replaced as a component by the ISM New Orders Index. Reuters/Univ of
Michigan Consumer Expectations Index will be replaced by an equally
weighted average of consumer expectations measures that come from
surveys conducted by The Conference Board and Reuters/U-Michigan. New
Orders for (nondefense) Capital Goods component will be replaced by New
Orders for (nondefense) Capital Goods, excluding Aircraft. Technical
adjustments will be made to ensure a more rigorous reading of data and
trends. LCI incls measures of yield curves, as well as interest rate
swaps, and Fed senior loan officer survey.
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