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U.S. Leading Economic Index continues to rise in April

The Leading Economic Index of U.S. continued with its upward trend in April. The index rose 0.3 percent on a sequential basis, recording its eighth straight gain. The rise in index was stimulated by the strength in the interest rate spread and initial jobless claims components.

Six of the components contributed positively to the headline figure, whereas two components contributed negatively. Stock prices had contributed positively to the headline print for the earlier five months, but it subtracted 0.01 percentage points from the index in April. The most negative contributor was building permits, which subtracted 0.07 percentage points off the headline print.

The initial jobless claims component positively contributed 0.10 points to the index while manufacturing hours worked added another 0.07 percentage points. This reversed March’s report where these two components had negatively contributed to the headline print. Meanwhile, the interest rate spread component continued to be the largest positive contributor to the index, adding 0.16 percentage points to the headline.

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2017-09-22 21:05:48
0m

September 22 14:30 UTC Released

USECRI Weekly Annualized*

Actual

0.0 %

Forecast

Previous

0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

Actual

143.4 %

Forecast

Previous

143.3 %

September 25 00:30 UTC 10621062m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.2 bln $

September 25 08:00 UTC 15121512m

DEIfo Business Climate*

Actual

Forecast

116.0 %

Previous

115.9 %

September 25 08:00 UTC 15121512m

DEIfo Current Conditions*

Actual

Forecast

124.8 %

Previous

124.6 %

September 25 08:00 UTC 15121512m

DEIfo Expectations*

Actual

Forecast

107.9 %

Previous

107.9 %

September 25 11:30 UTC 17221722m

TRCapacity Utilisation*

Actual

Forecast

Previous

78.8 %

September 25 11:30 UTC 17221722m

TRManufacturing Confidence*

Actual

Forecast

Previous

110.7 %

September 25 12:30 UTC 17821782m

USNational Activity Index*

Actual

Forecast

Previous

-0.01 %

September 25 13:00 UTC 18121812m

MXIGAE Econ Activity YY

Actual

Forecast

Previous

2.4 %

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