The economic outlook improved for the third straight month in November, but sluggishness in the employment and home construction sectors will put a drag on the future rate of growth, The Conference Board reported today. The U.S. leading index, a key barometer of future economic conditions, edged up 0.1 percent last month to 138.2, following a 0.1 percent increase in October and a 0.4 percent gain in September. Four of the 10 indicators that make up the leading index increased in November: money supply, vendor performance, manufacturers' new orders for nondefense capital goods, and stock prices. A 10th straight monthly decline in building permits and a jump in the number of people filing for unemployment insurance in November made the largest negative contributions to the leading index, ...
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