Wednesday, June 19 2013 12:40 PM EDT2013-06-19 16:40:28 GMT
Four men are now in custody in connection with three home robbery incidents in Montgomery. All four men, ranging in age from 27-years-old to 35-years-old have been charged with multiple felonies in connectionMore >>
Four men are now in custody in connection with three home robbery incidents in Montgomery.
All four men, ranging in age from 27-years-old to 35-years-old have been charged with multiple felonies in connection with these incidents.More >>
The Taliban have claimed responsibility for an attack in Afghanistan that killed four U.S. troops just hours after the insurgent group announced it would hold talks with the Americans on finding a political solution...More >>
Afghanistan's president said Wednesday he will not pursue peace talks with the Taliban unless the United States steps out of the negotiations, while also insisting the militant group stop its violent attacks on the...More >>
Wednesday, June 19 2013 11:35 AM EDT2013-06-19 15:35:34 GMT
The Alabama Department of Public Safety has issued a Missing Child Media Alert after a 2-month-old baby was allegedly taken by a 14-year-old girl early Monday morning from Birmingham. Police say 2-month-oldMore >>
Birmingham Police have confirmed that missing infant De'Anthony Kelly and his abductor, Dor'Sayde Gathright were located in Dallas, Texas Tuesday night, and were taken into custody without incident. More >>
President Barack Obama's 26-hour whirlwind visit to Berlin caps three days of international summitry for the president, and marks his return to a place where he once summoned a throng of 200,000 to share his...More >>
Trying to tamp down concerns about government over-reach, President Barack Obama on Wednesday defended U.S. Internet and phone surveillance programs as narrowly targeted efforts that have saved lives and thwarted at least 50...More >>
Wednesday, June 19 2013 8:49 AM EDT2013-06-19 12:49:43 GMT
A new study ranks Alabama 19th among in the states in the amount of federal funding that goes into the state government's general revenue. The study by the Tax Foundation says federal funding accountsMore >>
A new study ranks Alabama 19th among in the states in the amount of federal funding that goes into the state government's general revenue. More >>
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SOURCE The Conference Board
NEW YORK, May 17, 2013 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.6 percent in April to 95.0 (2004 = 100), following a 0.2 percent decline in March, and a 0.4 percent increase in February.
Says Ataman Ozyildirim, economist at The Conference Board: "After a slight decline in March, the U.S. LEI rebounded in April, led by housing permits and the interest rate spread. Labor market conditions also contributed, although consumers' outlook on the economy remains weak. In general, the LEI points to a continuing economic expansion with some upside potential. Meanwhile, the CEI, a measure of current conditions, has returned to a slow growth path, despite declining industrial production in April."
Says Ken Goldstein, economist at The Conference Board: "The index is 3.5 percent higher (annualized) than six months ago, suggesting expansion. However, the biggest risk right now is the adverse impact of cuts in federal spending. The biggest positive factor is the potential for improvement in the recovering housing and labor markets. The biggest unknown is the resiliency in confidence, both consumer and business."
The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.1 percent in April to 105.6 (2004 = 100), following a 0.2 percent increase in March, and a 0.5 percent increase in February.
The Conference Board Lagging Economic Index® (LAG) increased 0.1 percent in April to 118.4 (2004 = 100), following a 0.2 percent increase in March, and no change in February.
Summary Table of Composite Economic Indexes
Oct to Apr
n.a. Not available p Preliminary r Revised Indexes equal 100 in 2004 Source: The Conference Board
About The Conference Board Leading Economic Index® (LEI) for the U.S. The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
The ten components of The Conference Board Leading Economic Index® for the U.S. include:
Average weekly hours, manufacturing Average weekly initial claims for unemployment insurance Manufacturers' new orders, consumer goods and materials ISM Index of New Orders Manufacturers' new orders, nondefense capital goods excluding aircraft orders Building permits, new private housing units Stock prices, 500 common stocks Leading Credit Index™ Interest rate spread, 10-year Treasury bonds less federal funds Average consumer expectations for business conditions
About The Conference Board The Conference Board is a global, independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org