On 2/21 the Conference Board Index of Leading Economic Indicators (LEI) was reported to have risen 0.2 percent in January, to 94.1 (2004 = 100), following a 0.5 percent increase in December and no change in November. Says Ataman Ozyildirim, an economist at the Conference Board, “The US LEI rose again in January pointing to [...]
The Keystone Pipeline: Dragging on for four years now a decision on the project will not be made any time soon, despite support by a majority in the US Senate where last week 53 members signed a letter urging President Obama to approve the project. Shovel ready jobs…..waiting, waiting…. The Purchasing managers index [...]
Led by declines in production related indicators, the Chicago Fed National Activity Index or CFNAI decreased to +0.02 in December from +0.27 in November. The index’s 3 month moving average, CFNAI-MA3 edged up from -0.13 in November to -0.11 in December, its tenth consecutive reading below zero which suggests that growth in national economic activity [...]