Thursday, January 26, 2012
Leading economic indicators rose .4% in December, according to the Conference Board.
The December report reflects extensive changes in how the index is put together which the Conference Board hopes will make the index a better forecaster of where the economy is headed.
Conference Board economist Ken Goldstein said the December reading provided support for cautious optimism about how the economy will perform in the first half of 2012. But he pointed out that a strengthening U.S. economy will have to overcome problems stemming from Europe's debt crisis and slowing growth in Asia.
"Looking ahead, the big question remains whether cooling conditions elsewhere will limit domestic growth or, conversely, growth in the U.S. will lend some economic support to the rest of the globe," Goldstein said.
Read more at OregonLive.com.