FOR IMMEDIATE RELEASE
Maria E. Simos
65 Newmarket Road
Durham, NH 03824
e-forecasting.com releases eLEI for September
US MONTHLY LEADING INDICATOR DOWN IN SEPTEMBER, SILVER LINING IN GROWTH RATE
Durham, NH – October 1st 2008
– Economic research firm e-forecasting.com today announced that their eLEI, US leading economic indicator, decreased in September.
Following an increase of 1.1 percent in August, the Real Time U.S. Leading Economic Indicator fell 1.0 in September to 107.1. The index is set to average 100 in 2000.
On a year-over-year basis, eLEI in September declined by an annual rate of 4.2 percent compared to the same month of last year.
In a note to clients, CEO Maria Simos pointed out that with the September reading, “the six-month growth rate registered a negative growth rate for the 13th month in a row. However, in the last two months, the negative rates are smaller than the July reading of -6.2 percent. With this in mind, it seems that July may have been the bottom of the leading indicator’s growth downswing.”
Two of the seven components that make up eLEI advanced in September: Consumer expectations and housing activity. The components that dragged down the indicator included: manufacturer’s new orders, stock prices, interest rate spread, manufacturer’s productivity and foreign demand.
e-forecasting.com, an international economic research and consulting firm, offers forecasts of the economic environment using proprietary real-time economic indicators and produces company and industry-specific leading indicators for its clients. In cooperation with its affiliate, Infometrica, Inc., e-forecasting.com works with business publications and clients across the globe to provide industry, country and state-level economic content on a monthly and quarterly basis thus their predictive intelligence input is used by practitioners around the world.
For a full press release including charts,please
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