Following is the text of the U.S. leading economic indicators from the Conference Board.
Green shoots are proliferating in gardens across America, but for some forecasters it already looks like the end of summer. A few are even hinting at recession by year-end. That’s highly unlikely.
The index of U.S. leading economic indicators rose at a slower pace in October as businesses held back on investment in anticipation of domestic fiscal policy changes set to take effect in January.
The index of U.S. leading economic indicators rose in September by the most in seven months, boosted in part by a jump in permits for home construction that’s helping underpin the expansion.
"The LEI has been signaling an economy that is fluctuating around a slow growth trend."
- Ataman Ozyildirim on Oct 18, 2012