Thursday, December 17, 2009
Wells Fargo Economics Group: "Leading Indicators Show Recovery Underway"
Meanwhile, the Coincident Index*, which has been roughly flat since summer, increased 0.2 percent this month and has moved back into positive territory for the first time since the outset of the recession.
(*Coincident indicators are those which change at approximately the same time as the whole economy, providing information about the current state of the economy. Personal income, GDP, industrial production and retail sales are coincident indicators.)