- Special Sections
- Public Notices
NEW YORK (AP) — A forecast of future economic activity jumped 1.1 percent in December, a private research group said Thursday, suggesting that economic growth could pick up this spring.
The increase in the Conference Board's index of leading economic indicators was larger than the 0.7 percent rise that economists surveyed by Thomson Reuters had expected.
The gauge had risen a revised 1 percent in November — it was initially reported as a 0.7 percent increase— and has been up for nine consecutive months.
Some economists have been worrying that growth in the economy will stagnate this year as government support programs wind down and unemployment remains high.
The leading indicators index is designed to forecast economic activity in the next three to six months.
Eight of the 10 components in the index showed improvement in December, with the strongest gains in the so-called interest rate spread and building permits, which are a signal of future home construction.
The interest rate spread is the difference between the cost of borrowing money for 10 years and borrowing overnight.
If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.
If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.