FXstreet.com (Barcelona) - Conference Board's Leading Index has declined for the second consecutive month in November, which makes the fourth decrease in the latest six months, while the coincident and lagging indexed posted mild increases, according to he private research institute.
November's leading index has declined 0.4%, with most of its sub-indexes contributing negatively to the decline. Stock prices, initial claims for unemployment insurance (inverted), the index of consumer expectations, and real money supply (M2) were the main contributors to November's figure.
The Leading Index has dropped 1.2 points from May to November, the largest six-month decrease of the last six years.
The coincident index has risen 0.2% with positive contributions by many of its indicators. The index was revised lower in September and October due to downward revisions of its components.
The lagging index increased 0.2% with four of its seven indicators posting gains.