FOR IMMEDIATE RELEASE
Contact:
Maria E. Simos
65 Newmarket Road
Durham, NH 03824
Phone: 603-868-7436
http://www.e-forecasting.com
info@e-forecasting.com
e-forecasting.com releases eLEI for August
US MONTHLY LEADING
INDICATOR UP IN AUGUST
Durham, NH – September 2nd 2008
–
Economic research firm e-forecasting.com today announced that
their eLEI, US leading economic indicator, increased in August.
Following a decrease of 1.9 percent in July, the Real Time U.S.
Leading Economic Indicator rose 1.1 in August to 108.1. The
index is set to average 100 in 2000.
On a year-over-year basis, eLEI in August declined by an annual
rate of 3.4 percent compared to the same month of last year.
“Although eLEI increased in August, its six month growth rate is
still well below trend and remains in negative territory. In
August, the six month growth rate improved from negative 6.1
percent to negative 3.3 percent. We hope this trend continues,”
said CEO Maria Simos. She continued, “of the seven components
that make up the indicator, only two improved: manufacturers’
new orders and interest rate spread.”
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 complimentary chart to accompany this, or further
information:
http://www.e-forecasting.com or
Contact:
info@e-forecasting.com
Phone: 603-868-7436
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