Below are the 10 leading indicators that chief economists use to determine the path of the economy.
Quote:
1. Average number of initial applications for unemployment insurance
2. Number of manufacturers' new orders for consumer goods and materials
3. Speed of delivery of new merchandise to vendors from suppliers
4. Amount of new orders for capital goods unrelated to defense
5. Amount of new building permits for residential buildings
6. The S&P 500 stock index
7. Inflation-adjusted money supply (M2)
8. Spread between long and short interest rates (the yield curve)
9. Consumer sentiment
10. Average weekly hours worked by manufacturing workers
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When these things start to look up, the economy tends to follow. In January and February of this year this index has increased. The next update is March 19th, so it should be interesting to see what happens.
We might actually be about to see the economy turn around. Who know?
Is the economy about to become bullish?
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