There is more good news for the economy this year as US Leading Indicator data through April continues to show positive signs.
The Purchasing Managers Index climbed to its highest mark since 2004, at 60.4%. Additionally, the 12/12 rate-of-change broke a 24-year high. Each of these marks indicate a continued positive recovery through 2010.
Other indicators have begun to show some slowing. The 1/12 rate-of-change has begun to dip, suggesting that growth may decelerate in early 2011. The trend is no cause for alarm. It may simply suggest the recent speed of gain was unsustainable.