Cleaning & Restoration Breaking News

The Conference Board reports U.S. business cycle on upswing

The Conference Board announced that the U.S. leading index increased by 0.6 percent in January.

NEW YORK--The Conference Board (www.conference-board.org) announced that the U.S. leading index increased by 0.6 percent, the coincident index held steady, and the lagging index decreased by 0.2 percent in January.

The leading index posted a robust 2.2 percent increase from July 2001to January 2002; the fourth consecutive month that the six-month leading index growth rate has improved. The six-month diffusion index, which measures the number of components that are rising, increased above 50 percent for the first time in 21 months. With a robust leading index, the coincident index appears to be bottoming out in the past two months, The Conference Board (TCB) reports.

According to TCB, the rate of decline of nonagricultural payrolls and industrial production slowed in the last three and four months, respectively, while personal income and manufacturing sales have essentially held their ground throughout the recession. The coincident-to-lagging ratio, which has historically led business cycles, is up for the fourth consecutive month in January, which underscores the strength of the leading index and indicates a likely economic recovery, barring any unexpected negative events.

Six of the 10 indicators that make up the leading index increased in January. The positive contributors to the leading index--from the largest positive contributor to the smallest--were vendor performance, index of consumer expectations, average weekly initial claims for unemployment insurance (inverted), building permits, money supply and interest rate spread.

During the six-month span through January, the leading index increased 2.2 percent, with six of the 10 components advancing (diffusion index, six-month span equals 60 percent).

Holding steady in January, the coincident index now stands at 115.4 (1996=100). Based on revised data, this index increased 0.1 percent in December and decreased 0.3 percent in November. During the six-month period through January, the coincident index decreased 0.7 percent. The lagging index decreased 0.2 percent to 102.6 (1996=100) in January.

The Conference Board (TCB) is a not-for-profit organization and holds 501 (c) (3) tax-exempt status in the U.S. It creates and disseminates knowledge about management and the marketplace to help businesses strengthen their performance and better serve society. Working as a global, independent membership organization in the public interest, TCB conducts research, convene conferences, make forecasts, assess trends, publish information and analysis, and bring executives together to learn from one another.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

Podcasts

Beginning April 21, Google will start judging websites based on their mobile friendliness. What exactly does this mean to you cleaning website? Find out in the latest edition of The Hitman Advertising Show, which will also cover tips and suggestions on getting mobile compliant.
More Podcasts

ICS Cleaning Specialist Magazine

CoverImage

2015 April

The April ICS issue features content on concrete polishing, green cleaning, air duct cleaning, injection sprayers and new products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive

THE ICS STORE

FinalCover.gif
The Carpet Cleaner's Book of Unlimited Success! (ebook)

Don’t worry about the recession or about your competition.  Now you can be the owner of over 400 ways for carpet cleaning professionals to make more money and get more jobs!

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.png

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view