US Leading Economic Indicators Tumbles Most In 30 Months

Thursday, October 22, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
10/22/2015

Missing expectations for the 3rd month in a row, US Lesading Economic Indicators (LEI) dropped 0.2% MoM. There has not been a bigger monthly drop since March 2013. Ironmically, initial jobless claims (which we have recently explained is now useless) was the largest positive contributor (after the yield curve steepness) but stock prices, average workweek, and building permits weighed heaviest.

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