The U.S. Leading Indicator’s recent downward movement confirms earlier predictions of a slower, though still positive, economic growth heading into 2012.
Factoring into the drop of the U.S. Leading Indicator were higher unemployment rates and a decrease in building permits. This marks the first month-to-month decline since June 2010.
Despite this slight fall, the Indicator is still more than four percent higher than this time last year, a reminder that while slow, 2011 is still expected to be a year of positive growth for the U.S. economy.