The Conference Boards’ Leading Indicators Index increased by 0.7% in June to 100.9 (2004=100) , which is the third consecutive increase in the index, following a 1.3% advancement in May (revised from 1.1%) and a 1.1% increase in April.  7 of the10 components of the index made positive contributions: interest rate spread, building permits, stock prices, weekly initial claims (inverted), average weekly manufacturing hours, index of supplier deliveries (vendor performance), and manufacturers’ new orders for consumer goods and material. The negative contributions to the index were real money supply, manufacturers’ new orders for nondefense capital goods, and index of consumer expectations.  The Coincident Indicators decreased by 0.2% to 100.3 (2004=100) in May, following a decrease of 0.3% in May and a decrease of 0.3% in April.  The Lagging Indicators decreased by 0.7% in May to 110.8 (2004=100) with none of the contributions to the index advanced over the month. 

Upcoming Releases
Leading Indicators (07/20 at 10:00 AM EST)
Initial Claims (07/23 at 8:30 AM EST)
Existing Home Sales (07/23 at 10:00 AM EST)

Zacks Investment Research

Last 5 posts by Zacks Market Commentaries

• CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
• Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
• Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
• Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
• GameStop Meets Expectations - Analyst Blog - November 20th, 2009