Friday, January 22, 2010

The index of leading indicators in the U.S. increased by 1,1% in December

The index of leading economic indicators in the United States grew in December at 1.1%. The report of the research organization Conference Board noted that the growth of this indicator, which lasts for nine consecutive months, gives reason to expect a rapid pace and improve the economic situation of the coming spring.

The growth index of leading economic indicators in the reporting period exceeded the expectations of economists to forecast increased only by 0,7%.

Eight out of ten economic indicators rose in December. According to Conference Board economist Ken Goldstein, a noticeable growth indicators suggests that the economy is at an early stage of recovery.

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