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Rate of Decline Slows Significantly

Today’s edition of the Stats Can Daily showed the largest monthly improvement in the unsmoothed composite index in 30 years.

The rate of decline of the leading indicator slowed markedly to 0.1% in May, the smallest of nine consecutive declines. The shift from a 0.9% drop in April to a 0.1% dip in May was the largest monthly change in the index in either direction since December 1965. The turnaround reflected a 2.6% increase in the unsmoothed index, equalling its largest monthly gain in 30 years.

Eight of the ten unsmoothed components rose in May, led by double–digit increases for housing, the stock market and orders for durable goods.

These graphs and stats are both useful for knowing where things are at, as well as for use in JV presentations.

Composite Leading Indicator - Smoothed

You can get a table of the leading indicators for the last six months here.

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