US leading index for July 2019

US leading index
  • leading index +0.5% versus -0.1% last month
  • diffusion index 55.0 versus 55.0 last month
  • six month annual change 1.6% versus 0.5% last month

largest contributors to LI this month:

  • jobless claims 0.16% versus -0.11% last month
  • building permits 0.23% versus -0.15% last month
  • stock prices 0.14% versus 0.05% last month
  • leading credit index 0.14% vs 0.13% last month
  • average consumer expectations 0.12% vs 0.04% last month

largest declines to LI this month

  • average workweek -0.07% versus 0.0%
  • ISM new orders -0.10% versus -0.12%
  • interest rate spread -0.04% versus -0.04% last month
  • orders non-defense capital goods -0.01% versus +0.05% last month