Leading Economic Index Posts Sixth Consecutive Increase
Except for the average workweek and building permits, all the leading indicators related to the LEI posted positive contributions in September. The LEI currently stands at 103.5 (2004=100).The six-month change in the index also continues to rise, now at 5.7% (an 11.8% annual rate) in the period through September, up from -2.7% (a -5.3% annual rate) for the previous six months. In addition, the strengths among the leading indicators have remained widespread in recent months.
The stagnation of the CEI for the U.S. follows small increases in the previous two months. Employment has continued to fall, while industrial production has risen for three straight months. Between March and September 2009, the index decreased 1.1% (a -2.2% annual rate), slower than the decline of 3.4% (a -6.8% annual rate) for the previous six months. The CEI is currently 99.9 (2004=100).
In September, the lagging economic index for the U.S. continued to decrease, and with the coincident economic index remaining unchanged, the coincident-to-lagging ratio increased again. Meanwhile, real GDP fell at a 0.7% annual rate in the second quarter, following a contraction of 6.4% annual rate for the first quarter of the year. The LAG now stands at 109.6 (2004=100).
Says Ken Goldstein, Economist at The Conference Board: "The LEI has risen for six consecutive months and the coincident economic index has increased in two of the last three months," says Ken Goldstein, economist at The Conference Board. "These numbers strongly suggest that a recovery is developing. However, the intensity of that recovery will depend on how much, and how soon, demand picks up."
 |
|
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
Sponsored Links
- Cloud ERP, the next innovation in distribution software. Learn more.
- Get better eCommerce, an easier back-end, and increase revenue.
- Free GCommerce whitepaper: How to reduce transaction costs, streamline special orders
- Cloud ERP, the next innovation in distribution software. Learn more.
- Protect your revenue and grow your business with Cortera PulseTM
- NSK's P4Y precision-class universal bearings' multiple configurations reduce inventory
- Resources and training tools for distributor sales, management and more in the MDM Store
MDM Digital
 The Case for Mobilein Distribution Marketing John Sonnhalter explains why distributors should include mobile in their marketing plans and how to start. Watch now. iPad users: click here to view. |
 Economic Update:The Festering Euro-Crisis MAPI Economist Kris Bledowski analyzes the outcome of recent meetings about the European banking and debt crisis. Watch now. |
 Online Marketing Tipsfrom Bob DeStefano Many companies make the same mistake on their company websites. Do you? Find out. |
More Audio and Video Features from MDM: |
Think About It: |
Upcoming Programs
|
Wholesale Distribution Economic ReportsThe most comprehensive source of data about the wholesale distribution industry.
* Plan strategically for the year ahead with accurate data.
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article - MDM-Baird Benchmarking Survey: Distributor Optimism Returns $34.95 |
Management Tips from Modern Distribution Management $49.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| Title | Company | Location |
|---|---|---|
| Channels Marketing Representative -- Advanced Supply Chain Business Information Systems | Scientel Intormation Technology, Inc. | Southeast Michigan |
| Technical Trainer - Innovative Change Agent - Long Island City, NY | Daikin AC | Long Island City, NY |
| Sales Representative | Superior Essex | Minnesota |
| Strategic Sales Consultant | IDC-USA | Indianapolis, Indiana |
| Counter Sales | Heating and Cooling Supply | Chatsworth, California |
| Counter Sales | Heating and Cooling Supply | Thousand Palms, CA |
| Territory Sales Manager/Outside Sales | Heating and Cooling Supply | San Fernando Valley, California |
| View ALL Wholesale Distribution Job Listings |
|
|
Industry Topics sponsored by
Distribution Trends
|
Economy
|
Management/Strategy
|
Interviews
|
Operations
|
Technology
|
Mergers/Acquisitions
|
Case Studies
|
Sales & Marketing
|
MDM Calendar
Operating for Profit: The Coming Revolution in Supply Chain Finance
Mobile Technologies for Distributors with Steve Epner
Featured Products
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers
2011 MDM Market Leaders and Distribution Landscape Report
The B-to-B Online Marketing Toolkit:
A Step-by-Step Plan for Distributors and Manufacturers to Leverage Online Marketing
for Bottom Line Results
Leave a Comment