Economic EventLeading Indicators
UnitsPercentage Change from Previous Period
Current PeriodOct 2012
Release DateNov. 21. 12
Consensus for Current Period0.1
Number of Forecasts39
Economic Surprise0.1 ( 100.00 % )
Prior PeriodSep 2012
Reported Value for Prior Period0.5
Revised From0.6
Next Release DateDec. 20. 12
Next Release Time10:00 AM Eastern Time
DescriptionThe leading indicators are the following: average weekly hours, average weekly initial claims, manufacturers new orders, both consumer and non defense capital goods, vendor performance, building permits, stock prices, money supply (M2), the interest rate spread and the index of consumer expectations. The Index of Leading Economic Indicators, calculated by The Conference Board, is used as a barometer of economic activity over a range of three to six months. This index, along with the coincident and lagging indexes, are used to determine the direction and stability of the economy. The composite index of leading indicators, which is derived from 10 leading indicators, helps to signal turning points in the economy and forecast economic cycles.
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