2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Leading Indicators  
Released On 9/21/2017 10:00:00 AM For Aug, 2017
ConsensusConsensus RangeActual
Leading Indicators - M/M change0.2 %0.1 % to 0.5 %0.4 %

The index of leading economic indicators rose a solid 0.4 percent in August in results that, however, do not fully reflect the impact of Hurricane Harvey. The yield spread, reflecting low short-term rates, was a strong contributor as always as were once again consumer expectations and ISM new orders. Initial claims were the only one of 10 components that pulled down the index in what is likely to be repeated in September and perhaps October as well given hurricane effects. Yet, hurricanes aside, the report notes that underlying trends in the economy point to an extension of the current pace of solid growth. Other readings include an unchanged reading for the coincident index, down from a 0.3 percent rise in July, and a 0.3 percent August gain for the lagging index, up from July's 0.2 percent gain.

Consensus Outlook
Low short-term interest rates and high consumer expectations have been underpinning the index of leading economic indicators which rose 0.3 percent in July following June's very strong 0.6 percent gain. Forecasters see the LEI coming in at plus 0.2 percent in August.

The index of leading economic indicators is a composite of 10 forward-looking components including building permits, new factory orders, and unemployment claims. The report attempts to predict general economic conditions six months out.  Why Investors Care

2017 Release Schedule
Released On: 1/262/173/174/205/186/227/208/178/179/2110/1911/2012/21
Release For: DecJanFebMarAprMayJunJulJulAugSepOctNov

powered by  [Econoday]