Components of the Index of Leading Indicators, December, 1996

 

1.Average weekly hours of production or non-supervisory workers in manufacturing

2.Average weekly initial claims for unemployment insurance

3.Manufacturers' new orders in the consumer goods and materials industries in 1992 dollars

4.Vendor performance (a measure of delays reported by purchasing agents in obtaining goods from suppliers)

5.Manufacturers' new orders in nondefense capital goods industries in 1992 dollars

6.Index of new private housing units authorized by local building permits

7.Index of stock prices for 500 common stocks

8.M2 money supply in 1992 dollars

9.Interest rate spread, 10-year Treasury bonds less Federal funds

10.Index of consumer expectations