Sunday, March 14, 2010

Some Leading Economic Indicators

These should be regarded as economic indicators, but many of them contain information from financial markets. Real economy and financial markets are allowed for divorce too, but for some time, not indefinitely ...

Well, I was doing some of routine jobs today, and I decided to post here some of charts I was looking at today. The first one is almost one month old, available via The Big Picture, courtesy of Societe Generale (should be able to read the full report till the end of March 2010). China is leading?

The next one is the Aruoba-Diebold-Scotti business conditions index for the United States, that "is designed to track real business conditions at high frequency. Its underlying economic indicators (weekly initial jobless claims; monthly payroll employment, industrial production, personal income less transfer payments, manufacturing and trade sales; and quarterly real GDP) blend high- and low-frequency information and stock and flow data." More up-to-date ADS info here. Courtesy of Philadelphia Fed.

Then, we had a newcomer for the US in the last weeks. James Hamilton has a nice post with links to additional info and sources at Econbrowser recently, read for additional info (INCLUDING COMMENTS) this post here.

Then, I had criticized this one for wrong or right late last year, the ECRI's WLI ... Barron's had the chart ready, but bearish approach, while the ECRI itself is less bearish ... Click on chart to enlarge, courtesy of Barron's.

Somehow difficult to buy stocks? I am not at the very moment. Well, we often get things wrong via media ...

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