The Conference Board Leading Economic Index for the U.S. increased 1.1% in November to 112.4, following a 0.4% increase in October and a 0.6% increase in September.
The index is based on 10 components: average weekly hours in the manufacturing sector, average weekly initial unemployment claims, new manufacturing orders for consumer goods and materials, deliveries to suppliers, manufacturing order for non-defense capital goods, building permits for new private housing, prices of 500 common stocks, the M2 real money supply, the interest rate spread between 10-year Treasury bonds and federal funds, and, finally, the index of consumer expectations.
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