US LEI Rose Again in October 2020 The US LEI rose again in October with widespread improvements. The index has been decelerating in recent months which suggests growth may moderate in the final months of 2020. The Conference Board Leading Economic Index (LEI) for the US increased 0.7 percent in October to 108.2 (2016= 100), [...]
Housing Starts Rose in November Single family housing starts rose 2.4% in November, multi-family starts by 4.9% and overall building permits rose 1.4%. Wells Fargo November existing home sales declined 1.7% in November but are still up 2.7% over the year. Sales should continue to improve with support from lower mortgage rates though inventory shortages [...]
General Business Conditions Index Largest Monthly Decline on Record The headline general business conditions index largest monthly decline on record plummeted twenty-six points in June, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for June 2019 and business activity took a sharp downturn, according to firms responding to the survey. [...]
