Top Stories
Top Stories
US Economy

Leading economic indicators fall, some components estimated due to shutdown

Key Points
  • The index of U.S. leading economic indicators declined 0.1 percent in January
  • Due to the recent government shutdown, data for three US LEI components - manufacturers' new orders for consumer goods and materials, manufacturers' new orders for non-defense capital goods excluding aircraft and building permits - were not available for several of the recent months
  • The Conference Board also said the index for December was revised to unchanged. It had been reported as having declined 0.1 percent
A truck hauls a shipping container at Yusen Terminals (YTI) on Terminal Island at the Port of Los Angeles in Los Angeles, California
Mike Blake | Reuters

The index of U.S. leading economic indicators declined 0.1 percent in January, the Conference Board said on Thursday, but it advised that some of the components of the index were estimated due to the government shutdown.

"Please note that due to the recent government shutdown, data for three US LEI components - manufacturers' new orders for consumer goods and materials, manufacturers' new orders for non-defense capital goods excluding aircraft and building permits - were not available for several of the recent months," the Conference Board said in its release.

It said it had used 'statistical imputations' to fill in the missing data in order to release a preliminary report. It said it would issue an interim release on March 4, once the government data was published.

A number of economic data releases have been delayed due to the five-week government shutdown which ended on Jan. 25.

The Conference Board also said the index for December was revised to unchanged. It had been reported as having declined 0.1 percent. The January data also included annual benchmark revisions, it said.

Related Tags
Next Article
Housing

US existing home sales fall sharply to 3-year low

Key Points
  • U.S. home sales fell in January to their lowest level in more than three years and house prices rose only modestly.
  • The National Association of Realtors said on Thursday existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units last month.
  • That was the lowest level since November 2015 and well below analysts' expectations of a rate of 5.0 million units.