Last month rose 0.1% revised to -0.3%
The US leading index for the month of of November rose 0.2% versus 0.0% estimate. In October the index fell -0.3%. This was much lower than the 0.1% originally reported. The index had not been below the 0.0 line since May 2016. The revision, broke that trend.
- six-month annual change, 4.4%
Net contributions to the leading index:
- building permits, +0.14%
- ISM new orders, +0.13%
- interest rate spread, +0.10%
- average consumer expectations, +0.1%
- leading credit index, +0.08%
- consumer good orders, +0.03%
- orders nondefense capital goods ex air, +0.2%
- average workweek, -0.07%
- stock prices, -0.09%
- jobless claims, -0.21%
