e-forecasting.com releases eLEI for August

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 US MONTHLY LEADING INDICATOR UP IN AUGUST

PRESS RELEASE

 

 

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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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