Economic Data for Tuesday, May 2, 2000
LEI for March = +0.1%
tcb-indicators.org
The leading index increased 0.1 percent, the coincident index increased 0.4 percent, and the lagging index held steady in March. Taken together, the three composite indexes and their components show a strong economy:
-The coincident indicators show that the economy continued to expand through March. Coupled with no change in the lagging index, the coincident-to-lagging ratio shows that last months decline was merely a one-month aberration.
-The leading indicators point to a continuation of the expansion during 2000, though not at the pace of the last six months.
-The lagging index shows that cyclical imbalances were not a problem in March, but should be monitored for future increases.
New Home Sales for March = +4.5%
census.gov
Sales of new one-family houses in March 2000 were at a seasonally adjusted annual rate of 966,000 according to estimates released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 5 (+/-9) percent above the revised February rate of 924,000 and 10 (+/-10) percent above the revised March 1999 rate of 881,000. |
