The index of leading economic indicators fell in April.
This index is a compilation of factors that is supposed to help foresee the economy in the next 3 to 6 months.
Problems include the drop-off in construction, which was previously artificially boosted by the federal government's tax incentives on housing construction; and the increase in joblessness--the largest increase in claims for unemployment in 3 months.
Also problematic is the rise in deliquencies in mortgage payments and in foreclosures, which could translate into a real problem for economic recovery due to devaluation of home prices.
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