Amadeusz Juskowiak

Us leading index fell 10 pct in january

The US index of leading indicators fell a seasonally adjusted 10 pct in January after a revised 23 pct December gain the Commerce Department said

The department previously said the index rose 21 pct in December

The decline in January was the biggest for any month since July 1984 when the index fell 17 pct

The January decrease left the index at 1838 over its 1967 base of 100 and was led by a fall in contracts and orders for plant and equipment

A total of six of 10 indicators available for January contributed to the decline

Besides contracts and orders for plant and equipment they were building permits manufacturers new orders for consumer goods a change in sensitive materials prices slower deliveries from vendors and higher average weekly claims for state unemployment insurance

Four of 10 indicators were positive including stock prices new business formation average work week and money supply

The main factor for the December upward revision was new business formation

There was no revision in the 09 pct increase in the leading indicators index for November

The index of coincident indicators which measures the current economy fell 01 pct in January after increases of 07 pct in December and 02 pct in November

The index of lagging indicators which measures past economic activity rose 05 pct in January after a decrease of 05 pct in December and an increase of 02 pct in November