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Sept 2009: Percent of Leaders Expanding Increases to 40; Cyclical Score of Leaders Increases to 43 |
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Most of the AIER primary leading indicators posted an increase in the latest data. Continued growth in many of the series prompted us to upgrade the cyclical status of six out of the 12 leaders: the index of manufacturers' prices, new orders for core capital goods, new housing permits, the index of common stock prices, average workweek in manufacturing, and initial claims for state unemployment insurance. New life in these series suggest that there may be some improvements in manufacturing and that the downward spiral in the labor market may be coming to an end. |
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