Signs Show an End to Recession

 

Industrial production increased at an annual rate of 5.2 percent in the third quarter.
Courtesy of Curator

Leading Indicators, a composite index that tracks turning points in the overall economy, have been rising for five straight months, suggesting the recession ended in the summer even while unemployment continues to rise. August’s 0.6 percent gain is expected to be topped by a 0.9 percent gain in September as equity prices continued to rise.

“The steep yield curve, lower jobless claims, higher stock prices and more positive consumer sentiment should all add to the index's growth rate,” said analysts from Nomura. “We expect a negative contribution from only one component: the reduced manufacturing work week.”

– Courtesy of Mortgage News Daily