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Leading Economic Indicators

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BUSINESS
November 22, 2002 | Brad Foss, Associated Press
A yardstick of U.S. economic activity was unchanged in October, halting a decline that began in June and suggesting that the nation's poor financial health may be stabilizing. Separately, the Labor Department said Thursday that weekly jobless claims fell to their lowest level in four months. The nation's gradually improving employment outlook helped offset weaker consumer attitudes last month, leaving the Conference Board's Index of Leading Economic Indicators flat at 111.4. It fell a revised 0.
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BUSINESS
June 18, 2011 | By Steve Goldstein
The U.S. economy is likely to grow in a "choppy" manner through the summer and autumn, the Conference Board said Friday as it reported that its index of leading economic indicators rose a surprisingly strong 0.8% in May. The reading for May came in ahead of expectations, following a downwardly revised drop in April of 0.4% from the initially reported 0.3% drop. Economists polled by MarketWatch had forecast a 0.5% improvement in May. The largest contributions to the index, which is composed of 10 weighted indicators, came from the interest-rate spread, consumer expectations and housing permits, more than offsetting the negative contribution from supplier deliveries.
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BUSINESS
August 3, 2000 | From Reuters
A key barometer of future economic trends pointed on Wednesday to a slowdown in the vibrant U.S. expansion, and new-home sales fell to a 2 1/2-year low. The index of leading economic indicators was unchanged in June, after falling 0.1% in May and holding steady in April, the Conference Board, a business research group, said. A separate Commerce Department report said the number of new homes sold in June fell 3.
BUSINESS
June 15, 2009 | Bloomberg News
Reports on manufacturing and housing this week will probably show that the U.S. economy in May, although still in a recession, took additional steps toward establishing a recovery this year, economists said. A 1% drop in industrial production last month, based on the median of 68 estimates in a Bloomberg News survey, mainly was due to auto-industry shutdowns that swamped gains elsewhere, analysts said.
BUSINESS
September 29, 1990 | JONATHAN PETERSON, TIMES STAFF WRITER
The government's key economic weather vane has taken its worst turn in almost three years, the Commerce Department said Friday. The real news: This time, the index of leading economic indicators just might be right. "Rather than being the leading indicators, they're often the misleading indicators," said Michael Penzer, a senior economist at Bank of America in San Francisco. "A lot of economists don't take them seriously."
BUSINESS
January 21, 2005 | From Bloomberg News
A forward-looking measure of the U.S. economy rose for a second straight month in December, lifted by gains in stock prices and consumer confidence. The index of leading economic indicators increased 0.2% after rising a revised 0.3% in November, the Conference Board said.
BUSINESS
October 12, 1995 | Times Staff and Wire Reports
Regional Economic Index Posts Monthly Gain: An index designed to gauge regional economic activity six to nine months ahead posted its second consecutive monthly gain in September, according to California State University, Long Beach. The university's index of regional leading economic indicators rose to 95.8 in September from 95.7 in August. Four of six measures of economic activity--building permits, stock prices, help-wanted ads in The Times, and the U.S. index of economic indicators--rose.
BUSINESS
September 1, 2005 | Bill Sing, Times Staff Writer
Southern California's economy will grow modestly in the next three to six months, thanks in part to an expected boost from housing construction, according to an indicator to be released today. Cal State Fullerton said its Southern California index of leading economic indicators rose 0.3% in the second quarter compared with the previous quarter. Four of the indicator's seven components were positive, led by a "relatively large" increase in regional building permits, the report said.
BUSINESS
June 1, 2007 | Bill Sing, Times Staff Writer
Southern California will see a slight increase in economic activity in the next three to six months, according to an index to be released today. Cal State Fullerton said its Southern California index of leading economic indicators rose 0.04% in the first quarter over the previous quarter, following a revised 0.4% gain in last year's final three months. Five of the index's seven components rose, with the Standard & Poor's 500 stock index providing the largest positive effect.
BUSINESS
August 22, 2008 | From the Associated Press
A private-sector measure of the economy's health showed the largest drop in a year, and although new jobless benefit claims fell for the second straight week, they remain near the highest levels since 2002. The reports are the latest evidence that the languishing U.S. economy remains stuck in low gear. The New York-based Conference Board said Thursday that its monthly forecast of future economic activity fell 0.7% in July, far more than the consensus estimate of a 0.2% decline by Wall Street economists surveyed by Thomson Reuters.
BUSINESS
June 21, 2008 | Marc Lifsher, Times Staff Writer
California's moribund construction and real estate industries helped push the state unemployment rate to 6.8% in May, its highest level in nearly five years. The state Employment Development Department reported Friday that joblessness in May rose six-tenths of a percentage point from the previous month and was a dramatic 1.5 percentage points higher than in May 2007. And the outlook is likely to get worse for California -- at least for the rest of the year, experts said.
BUSINESS
June 20, 2008 | From the Associated Press
A private business group says its index of leading economic indicators inched higher for the second month in another sign that higher fuel and food prices, tighter credit and a depressed housing market are stifling the economy. Separately, the number of newly laid-off workers filing for unemployment benefits remained at worrisomely high levels despite dropping slightly last week. The New York-based Conference Board said Thursday that its gauge of economic indicators rose 0.
BUSINESS
June 10, 2008 | From the Associated Press
Pending home sales unexpectedly increased in April to the highest reading since October, an industry group said Monday, but they remain more than 13% below the year-earlier period. The National Assn. of Realtors' seasonally adjusted index of pending sales for existing homes rose to 88.2 from a March reading of 83, the lowest since the index was started in 2001. The index stood at 101.5 in April 2007. Wall Street economists polled by Thomson/IFR had predicted that the index would remain steady at 83. A reading of 100 is equal to the average level of sales activity in 2001.
BUSINESS
May 3, 2008 | Peter G. Gosselin, Times Staff Writer
Moving to stop the economy from stumbling further, the Federal Reserve said Friday that it would pump more cash into U.S banks to keep the nation's financial system from seizing up. The surprise action came as the Fed formally signed on to tough new rules for the credit card industry announced a day earlier by other regulators. The two initiatives were the latest examples of how the Fed, under the chairmanship of Ben S.
BUSINESS
April 12, 2008 | From Bloomberg News
Confidence among U.S. consumers fell to a 26-year low after unemployment increased and gasoline prices surged, threatening the spending that accounts for more than two- thirds of the economy. The Reuters/University of Michigan preliminary index of consumer sentiment decreased to 63.2 this month. It was the weakest level since 1982, when the jobless rate approached 11%, the worst since the Great Depression.
BUSINESS
March 1, 2007 | Bill Sing, Times Staff Writer
Southern California's economic growth will strengthen in the next three to six months, as a strong job market and consumer confidence will help offset continued weakness in home building, according to an index to be released today. Cal State Fullerton said its Southern California index of leading economic indicators rose 0.42% in the fourth quarter over the previous quarter, reversing consecutive decreases of 0.11% and 0.14% in the two previous three-month periods.
BUSINESS
May 5, 1999 | Reuters
A major U.S. economic forecasting gauge rose for a sixth straight month in March, signaling the economy should continue to grow at a healthy pace, a private research group said. The Conference Board said its index of leading economic indicators, a measure of future economic activity, rose 0.1% in March, in line with economists' expectations. The increase followed a revised 0.3% increase in February, which was previously reported as a 0.2% rise.
BUSINESS
March 6, 2008 | Leslie Earnest, Times Staff Writer
Retailers at both ends of the market posted profit gains on Wednesday even as evidence of a widespread consumer slowdown continued to mount. Saks Inc. and Neiman Marcus Inc. said they saw net income rise in recently concluded quarters, as did discounters Costco Wholesale Corp. and BJ Wholesale Club Inc. Although Neiman Marcus' profit was up 8% in its second quarter, which ended Jan. 26, it said sales at stores open a year or more fell 7.3% last month. Saks said that profit jumped almost 46% in its fourth quarter that ended Feb. 2, but that sales in February rose 3.4%, a comedown from double-digit gains much of last year.
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