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Friday, September 20, 2013

Leading Indicators Point Toward Further Growth



The Leading Economic Index (LEI) rose 0.7 percent in August with nearly all components pointing toward continued growth. Financial indicators were the biggest support, while permits were a negative.

The sole negative in today’s report stemmed from building
permits. Permits fell in August on the heels of a decline in the
volatile multifamily sector, but single-family permits point to the
housing market continuing to recover after a slow summer.

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