Credit, Economy and Financial News from TruckingFactor.com
Government Bailout Boosts Economy in December
With a flood of federal bailout dollars boosting the money supply, economic activity got a boost in December. The Conference Board reported that its index of leading economic indicators grew 0.3% last month, after a 0.4% decline in November and a 1% drop in October. However, analysts note that if the jump in money supply were excluded, the index would have fallen. The index is designed to forecast economic activity in the next three to six months based on 10 economic components, including stock prices, building permits, average weekly manufacturing hours and initial claims for unemployment benefits.
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Date Last Updated: 01/28/2009