After a brief downward turn in September, the 1/12 rate of change is again on the rise, renewing confidence in a steady economic growth though 2012.
The most significant piece of data in October’s upward trend was a renewed rise in building permits. In addition, fewer unemployment claims and a boost in demand for consumer goods have spurred predictions of growth spreading throughout the larger scope of the economy.
The U.S. Leading Indicator was up 1.1 percent from September and up 6.6 percent from October last year.