Leading indicators index
Leading indicators index
This is a weighted average value of the following indicators: Money Supply (M1, M2, M3), Cumsumer Confidence, Jobless Claims, Average Workweek, Factory Orders, Durable Goods Orders, Building Permits and Fundamental Shares Prices.This index is considered to be the decisive factor in the economic development for the next six months. There is one empirical rule for this factor: if the index has a negative value three months in succession it may be a sign that a country is in an economic recession. The growth of this index is a factor in the growth of the value of the US dollar.
This Index has a moderate influence on the market as its value is published after all other indicators had been already released. The index is released in the first days of every month following the reported one at 10:00 EST (New York).
