Highlights
The Conference Board's index of leading economic indicators jumped 1.2 percent in May to exceed the 1.1 percent jump in April that ended a long run of declines. These results, along with the Philadelphia Fed's manufacturing survey also released at 10:00 ET, point to economic leveling followed by slow recovery in the months ahead. A slowing in delivery times led May's gains in the index, though supply managers are warning that tighter delivery conditions reflect capacity cutbacks in shipping and warehousing as much as rising demand for goods. Gains in equities and money supply were also big positives as were building permits and consumer expectations. But the second biggest positive was the steepening in the yield curve which reflects lower investment demand for Treasuries on concerns of inflation and the risk of Fed rate hikes. Note that higher long rates will act to limit economic improvement. This morning's data, including jobless claims, add substantially to the green shoot camp and will increase talk that government stimulus, whether monetary or fiscal, may have to be withdrawn or limited sooner than later.

Market Consensus Before Announcement
The Conference Board's index of leading indicators in April posted its first gain in seven months, jumping 1.0 percent in April. The most important factors giving April a boost were the big stock market rally and a rise in consumer expectations. The biggest negative was money supply.

미국의 경기선행지수가 지난 4월 4년래 최대폭으로 상승

5월에 예상치를 웃도는 오름세를 보이며 침체 탈출 희망을 강화
컨퍼런스보드는 5월 경기선행지수가 1.2% 상승했다고 18일 밝혔다.

이는 예상치를 상회하는 수준

이다. 블룸버그통신은 5월 경기선행지수가 전달보다 1%개선됐을 것으로 예상.

전월 컨퍼런스보드 경기선행지수는 1.0% 상승,

지난 2005년 11월 이후 최대 상승폭을 기록한 바 있다.

오늘 잠 잘 오겠습니다.

잠시후 다음 필라데이피아짓 인용해 보겠습니다.

성투하세요..