The U.S. Leading Indicator in June again showed signs of continued upward momentum for the economy in the second half of 2012.
A number of positive factors, namely building permits and real money supply, easily offset negative contributors like stock prices and consumer confidence. The 1/12 rate-of-change jumped again, this time to six percent. That’s the largest jump since this time last year.
All of these signs indicate a more quickly improving economy next year. Continued upward movement of the U.S. Leading Indicator over the next year would be good news as our economy continues its recovery.