US Leading Indicators Rise In July
http://money.cnn.com/2009/08/20/news/economy/LEI_economic_index_recession_over/?postversion=2009082013
A leading index of US economic indicators has continued to rise in July, the fourth consecutive increase, indicating that the current economic recession is nearing its bottom. According to the Conference Board, the leading Economic Index rose by 0.6% in July after having risen by 0.8% in June raising hopes of a recovery in the near future. The six of the ten components of the index that increased in July are: the interest rate spread, average weekly initial jobless claims, stock prices, the index of supplier deliveries, average weekly manufacturing hours and new orders for non defense capital goods. Meanwhile the consumer expectations, real money supply and building permits components of the index declined in July. The index indicates that a recovery is in its nascent stage but will take a long time to gain momentum.
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