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By: oldCADuser in FFFT3 | Recommend this post (2)
Fri, 23 Jan 15 9:07 PM | 56 view(s)
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Rise in leading index in December points to 'brighter' outlook

Jan 23, 2015 10:04 a.m. ET

By JEFFRY BARTASH

WASHINGTON (MarketWatch) - The leading economic index rose 0.5% in December, pointing to steady growth in early 2015. The increase last month suggests "the short-term outlook is getting brighter and the economy continues to build momentum," said Ataman Ozyildirim, an economist at the Conference Board, producer of the report. The coincident index, which measures current conditions, edged up 0.2% in December. The lagging index increased 0.3%. The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys.

http://www.marketwatch.com/story/rise-in-leading-index-in-december-points-to-brighter-outlook-2015-01-23

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