Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Mitigating Insider Threats in Virtual & Cloud Environments
- Modern Mission Critical Series
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Measure of US economy's health rises 0.7 percent
Wednesday - 11/6/2013, 5:10pm EST
AP Economics Writer
WASHINGTON (AP) -- A gauge of the U.S. economy's future health rose solidly in September, suggesting the economy was making gains before the government shut down for 16 days.
The Conference Board said Wednesday its index of leading indicators rose 0.7 percent in September to a reading of 97.1. That follows a similar gain in August and marked the fifth increase in six months.
The index is designed to signal economic conditions over the next three to six months. It is composed of 10 indicators, most of which have already been released individually.
In September, the index rose largely because unemployment benefits fell, credit conditions improved, manufacturing orders rose and the gap between short- and long-term interest rates widened sharply.
Some economists cautioned that the index has been a poor predictor of the economy's health in recent months. They note that stock prices have risen sharply this year, yet unemployment remains high, wages have barely keeping pace with inflation and growth has been weak.
Michael Englund, an economist at Action Economics, said that nothing in the leading index altered his view that overall economic growth is stuck at a modest annual rate of around 2 percent through the rest of this year.
Still, Conference Board economist Ken Goldstein said the September performance was an indication that the economy was expanding modestly and possibly gaining momentum before the shutdown.
He said that the biggest economic challenge going forward was relatively weak consumer demand, reflecting weak wage growth and low levels of consumer confidence.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.