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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (19047)12/20/2004 10:40:24 AM
From: mishedlo  Read Replies (2) of 116555
 
Conference Board: LEI up 0.2% vs forecast 0.1%
Monday, December 20, 2004 3:15:53 PM
afxpress.com

WASHINGTON (AFX) -- The U.S. index of leading economic indicators rose for the first time in six months, the Conference Board said Monday. The 0.2 percent increase was slightly faster than expected. Economists polled by CBS MarketWatch had predicted the LEI would rise 0.1 percent in the month. "Although the LEI has declined for nearly half the year, the declines were relatively modest," said Ken Goldstein, economist for the Conference Board. "Even if economic performance early in 2005 proves sluggish, conditions could brighten by spring," Goldstein added. The coincident index rose 0.1 percent in November
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