2017 Economic Calendar
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Leading Indicators  
Released On 11/20/2017 10:00:00 AM For Oct, 2017
PriorPrior RevisedConsensusConsensus RangeActual
Leading Indicators - M/M change-0.2 %0.1 %0.6 %0.3 % to 1.2 %1.2 %

A swing higher after a swing lower is October's hurricane result as the index of leading economic indicators hit Econoday's high estimate at 1.2 percent. September was initially posted as a 0.2 percent decline and, in another positive, is revised to a 0.1 percent gain.

Unemployment claims were the biggest swing factor between the months, pulling the index 0.21 percentage points lower in September as those hit by the hurricanes filed first-time claims, then adding 0.45 points as claims fell back. October strengths also include jumps in building permits and the factory workweek. ISM new manufacturing orders were strong positives in both months as were, as always, the yield spread and specifically short-term interest rates.

Hurricane effects made their mark on the LEI and the net message from September and October together is year-end acceleration for the economy.

Consensus Outlook
Hurricane factors including higher jobless claims and a shorter workweek pulled down the index of leading economic indicators by 0.2 percent in September. But claims have since fallen back while the workweek has climbed, these together with a jump in building permits point to strength for October's LEI. Forecasters see the LEI rising 0.6 percent.

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

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