Payroll employment made its first substantial contribution to the coincident economic index, suggesting a recovery that is beginning to gain traction."
Adds Ken Goldstein, economist at The Conference Board: "The indicators point to a slow recovery that should continue over the next few months. The leading, coincident and lagging series are rising. Strength of demand remains the big question going forward. Improvement in employment and income will be the key factors in whether consumers push the recovery on a stronger path."
The largest drivers were interest rate spread, rising manufacturing hours, supplier deliveries, and stock prices:
Watch Streaming Broadcast Live:
LRN.fm
DLive
Live Chat Telegram
Share this page with your friends
on your favorite social network: