FOREX TradingCharts.com

Financial News: U.S. Leading Economic Index Rises In Line With

U.S. Leading Economic Index Rises In Line With Estimates In March

04/19/2018 - 10:33:00 (RTTNews)

(RTTNews) - A report released by the Conference Board on Thursday showed its index of leading U.S. economic indicators increased in line with economist estimates in the month of March.

The Conference Board said its leading economic index rose by 0.3 percent in March after climbing by an upwardly revised 0.7 percent in February.

Despite the slowdown in the pace of growth, Ataman Ozyildirim, Director of Business Cycles and Growth Research at the Conference Board, noted the six-month growth rate points to continued solid growth in the U.S. economy for the rest of the year.

"The strengths among the components of the leading index have been very widespread over the last six months," Ozyildirim said. "However, labor market components made negative contributions in March and bear watching in the near future."

The increase by the leading economic index reflects positive contributions from six of the ten indicators that make up the index.

The positive contributors included the interest rate spread, the ISM new orders index, average consumer expectations for business conditions, building permits, the Leading Credit Index, and manufacturers' new orders for consumer goods and materials

Negative contributions from average weekly manufacturing hours, average weekly initial jobless claims and manufacturers' new orders for non-defense capital goods excluding aircraft limited the upside for the index.

The report said the coincident economic index also edged up by 0.2 percent in March after rising by 0.4 percent in February, reflecting positive contributions from all four indicators that make up the index.

The lagging economic index inched up by 0.1 percent in March following a 0.3 percent increase in February, with five of the index's seven components advancing.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Existing Home Sales Slump Much More Than Expected In April (01 hr(s), 29 min(s), 08 sec(s) ago)
(RTTNews) - After reporting a bigger than expected increase in U.S. existing home sales in the pre ...Full Story»

ECB Minutes Flag Rising Uncertainty Over Eurozone Growth Outlook (01 hr(s), 45 min(s), 08 sec(s) ago)
(RTTNews) - ECB policymakers agreed that the underlying growth momentum in the euro area remained ...Full Story»

Belgium Business Confidence Weakens In May (02 hr(s), 20 min(s), 08 sec(s) ago)
(RTTNews) - Belgium's business confidence weakened in May mainly due to the significant deteri ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Rise To 234,000 (02 hr(s), 45 min(s), 08 sec(s) ago)
(RTTNews) - For the second consecutive week, the Labor Department released a report on Thursday sh ...Full Story»

ECB Minutes: Uncertainty Surrounding Eurozone Growth Outlook Increased (03 hr(s), 10 min(s), 08 sec(s) ago)
(RTTNews) - Policymakers agreed that the underlying growth momentum in the euro area remained inta ...Full Story»

U.S. Weekly Jobless Claims Show Unexpected Increase (03 hr(s), 15 min(s), 08 sec(s) ago)
(RTTNews) - For the second consecutive week, the Labor Department released a report on Thursday sh ...Full Story»

Germany Q1 GDP Growth Eases On Weak Trade (04 hr(s), 30 min(s), 08 sec(s) ago)
(RTTNews) - Germany's economic growth halved as estimated in the first quarter on weak trade a ...Full Story»

UK Retail Sales Expand At Fastest Pace In 18 Months (04 hr(s), 41 min(s), 08 sec(s) ago)
(RTTNews) - UK retail sales grew at the fastest pace in one-and-a-half years in April, after heavy ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Existing Home Sales Slump Much More Than Expected In April

05/24/2018 - 10:26 AM (RTTNews)
(RTTNews) - After reporting a bigger than expected increase in U.S. existing home sales in the pre ...Full Story>>

ECB Minutes Flag Rising Uncertainty Over Eurozone Growth Outlook

05/24/2018 - 10:10 AM (RTTNews)
(RTTNews) - ECB policymakers agreed that the underlying growth momentum in the euro area remained ...Full Story>>

Belgium Business Confidence Weakens In May

05/24/2018 - 09:35 AM (RTTNews)
(RTTNews) - Belgium's business confidence weakened in May mainly due to the significant deteri ...Full Story>>

U.S. Weekly Jobless Claims Unexpectedly Rise To 234,000

05/24/2018 - 09:10 AM (RTTNews)
(RTTNews) - For the second consecutive week, the Labor Department released a report on Thursday sh ...Full Story>>

ECB Minutes: Uncertainty Surrounding Eurozone Growth Outlook Increased

05/24/2018 - 08:45 AM (RTTNews)
(RTTNews) - Policymakers agreed that the underlying growth momentum in the euro area remained inta ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.