Economic Indicators Point to Growth in Near Future
The Conference Board's Index of Leading Economic Indicators increased 0.1 percent in December, indicating uneven growth in the next year. The Conference Board reported gains of 0.9 percent in November and 1 percent in October.
The Wall Street Journal reported that Conference Board Chairman Ken Goldsten said the indexes, taken together, imply a "quite choppy pattern of growth," and indicate a surge in the economy over the next few months that might be followed by slower activity later in 2006.
The coincident index, a measure of current economic activity, increased in December. It has been on a steady upward trend since April 2003, but its growth has been moderated since June 2005.
Six of the 10 indicators that make up the leading index increased ...