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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Lee who wrote (31613)	5/31/2000 12:12:00 PM
From: Lee	Read Replies (1) \| Respond to of 50167

Economic Data for Wednesday, May 31, 2000 LEI for April = -0.1% tcb-indicators.org The leading index decreased by 0.1 percent, the coincident index increased by 0.5 percent, and the lagging index increased by 0.6 percent in April. Taken together, the three composite indexes and their components continue to show a strong economy: -The indicators point to a continuation of the expansion during 2000, though at a slower pace than that of the last six months. -The biggest risk to the ongoing expansion remains the interest-rate increases at hand, and the prospect of still more Federal Reserve action. The most immediate risk would be a sustained inverted yield curve. New Home Sales for April = -6% census.gov Sales of new one-family houses in April 2000 were at a seasonally adjusted annual rate of 909,000 according to estimates released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 6 (+/-9) percent below the revised March rate of 965,000 and 2 (+/-10) percent below the revised April 1999 rate of 930,000. Chicago PMI for May = 53.9% Prices Paid = 64.4% dismal.com -The Chicago Purchasing Managers index fell again in May to 53.9%, the lowest it has been in more than a year. The index continues to suggest modest growth in the Chicago region?s manufacturing industry. -The indices for production activity were decidedly negative. The production and new orders indices both declined this month, while the backlog of orders index remained below the critical 50% mark. -Despite a rise this month, the employment index remained just below 50%. The index continues to hover around 50% reflecting flat employment among the survey?s respondents. -The prices paid component dropped again in May to 64.4%. This is the lowest the index has been since last August and suggests that cost pressures are beginning to dissipate somewhat.