Thursday, September 20, 2012

It's The Economy Stupid: Leading Economic Indicators

Jeez.  The hits just keep on coming…


Economic Event


Economic Survey

Actual Reported

Original Prior

Revised Prior

Philadelphia Fed Index






Leading Economic Indicators







Let’s look at the good news.  The Philadelphia Fed’s Index of manufacturing activity was not as negative as last month and not as negative as economist predicted.  It was negative, just not as negative.  But let’s put a really positive spin on this.  The Philadelphia Fed Manufacturing Index rose to -1.9 from -7.1.


And the Leading Economic Indicators was negative too, but just a little negative at -0.1%.  Want it to be more positive?  They revised last month’s figure upwards to 0.5% from 0.4%. 


And that’s the good economic news.  Not as negative, and just a little negative.



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