Market Commentary

What are Leading Economic Indicators?

This week June’s LEI (Leading Economic Indicator) were released by the Conference Board. This report is a concise statement of 10 of the leading indicators, although there are more, and gives it to us in the form of a percentage move up or down.

These indicators are used to prognosticate the future direction of the economy.

The 10 that the Conference Board uses are:

  • Average Length of the Work Week
  • Weekly Unemployment Claims
  • Manufacturer’s New Orders for Consumer Goods
  • Manufacturer’s New Orders for Non-Defensive Capital Goods
  • ISM New Orders
  • Building Permits
  • The S&P500
  • Credit Card Index
  • Interest Rates Spread on the 10 Year Treasury Minus the Federal Funds Rate
  • Consumer Expectations

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