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5171. Composite Indexes of Leading, Coincident, and Lagging Indicators: July 2002

Publication Date:
07-2002
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The Conference Board announced today that the U.S. leading index decreased 0.4 percent, the coincident index increased 0.1 percent, and the lagging index increased 0.1 percent in July.Although the incorporated data revisions deepened the depth of the decline in the coincident index in the most recent recession, the decline of this index remains mild by historical standards. The decline from the peak of the coincident index in December 2000 to its trough in November 2001 is only 1.7 percent compared to an average decline of 3.3 percent from peak to trough in the previous six recessions.Modest gains in the coincident index in the last five months reflect the slow pace of the economic recovery. To date, the pre-recession peak of the coincident index has not yet been reached.Although the leading index declined in three of the last six months, its six-month diffusion index, which measures the proportion of the components that are rising, remains above 50 percent. This month's decline in the leading index was primarily caused by weak equity markets and lower consumer expectations.
Topic:
Economics and Political Economy
Political Geography:
United States

5172. Composite Indexes of Leading, Coincident, and Lagging Indicators: June 2002

Publication Date:
06-2002
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The Conference Board announced today that the U.S. leading index held steady, the coincident index increased 0.3 percent, and the lagging index decreased 0.1 percent in June.Industrial production had its biggest gain this month since October 1998. This is the most significant factor that helped push the coincident index up in June. The index posted its largest increase in a six-month span since October 2000.The coincident index appears to be gaining momentum. While the index has not surpassed the previous peak in December 2000, it has been increasing or flat since the beginning of the year. To date, the index is less than 0.3 percent away from overtaking the December 2000 peak. Moreover, the gains in the index are well diffused. The one- and six-month diffusion for the coincident index have been above 50 percent for the past four months.Stock prices and consumer expectations are the primary components that are preventing the leading index from continuing its positive trend in June. The recent wave of questionable corporate practices and the lack of measures aimed at addressing them have largely contributed to the weakness in these two components.
Topic:
Economics and Political Economy
Political Geography:
United States

5173. Composite Indexes of Leading, Coincident, and Lagging Indicators: May 2002

Publication Date:
05-2002
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The Conference Board announced today that the U.S. leading index increased by 0.4 percent, the coincident index increased by 0.1 percent, and the lagging index decreased by 0.2 percent in May.The big jump in real money supply and initial claims for unemployment insurance were largely responsible for the leading index picking up in May. This marks the seventh increase in the leading index in the past eight months.The decline in the coincident index in the most recent recession was relatively modest. To date, the coincident index has only increased 0.4 percent from its lowest point in November 2001 compared to an average increase of 2.4 percent in the first six months of the past six recoveries.While the coincident index has been moderately improving, the lagging index has been steeply declining. This led to the seventh increase in the last eight months in the ratio of coincident to lagging index, a series that has historically led business cycles. This reinforces the continuation of the recovery.
Topic:
Economics and Political Economy
Political Geography:
United States

5174. Composite Indexes of Leading, Coincident, and Lagging Indicators: April 2002

Publication Date:
04-2002
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The Conference Board announced today that the U.S. leading index decreased by 0.4 percent, the coincident index increased by 0.2 percent, and the lagging index decreased by 0.4 percent in April.Real money supply, which shrank for the second consecutive month, and falling stock prices are the primary components that caused the leading index to drop for the first time since September 2001. The overall signal from the leading index, however, remains one of moderate economic growth.Modest gains in the coincident index in the past five months indicate a slowly recuperating economy. The six-month growth rate of the coincident index underscores this economic recovery posting its biggest gain in 15 months.While improvements in current economic activity have been moderate, the cost of doing business, as represented by the lagging index, has been steeply declining. This points to continued improvement in economic conditions in the near term.
Topic:
Economics and Political Economy
Political Geography:
United States

5175. Composite Indexes of Leading, Coincident, and Lagging Indicators: March 2002

Publication Date:
03-2002
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The Conference Board announced today that the U.S. leading index increased by 0.1 percent, the coincident index increased by 0.2 percent, and the lagging index decreased by 0.4 percent in March The leading index has been posting strong gains, growing by 2.9 percent from September 2001 to March 2002, and by 2.2 percent for each of the six-month periods ending January and February 2002. The gains would have been more robust had it not been for the weakness in building permits and claims for unemployment insurance Gains in industrial production in the last three months, coupled with a recovery in employment, have helped push the coincident index up. Negative trends in these indicators were largely responsible for the decline in the coincident index last year. US economic recovery appears to be underway. The combination of rising energy prices, the current global instability, and the more cautious consumer and business sectors, however, might slow the pace of economic growth in the near term.
Topic:
Economics and Political Economy
Political Geography:
United States

5176. Composite Indexes of Leading, Coincident, and Lagging Indicators: February 2002

Publication Date:
02-2002
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The Conference Board announced today that the U.S. leading index held steady, the coincident index increased by 0.2 percent, and the lagging index decreased by 0.3 percent in February. Even with a flat month-to-month growth in February, the leading index is still up 2.4 percent from its value six months ago in August 2001 and up 3.1 percent from its value a year ago. The modest gains in the coincident index appear to be gaining momentum. Should this trend continue, the trough of the recession would most likely be November 2001, making the most recent economic contraction very short and certainly the mildest in U.S. history. The coincident-to-lagging ratio, which has historically led business cycles, is up for the fifth consecutive month in February. This is another signal that an economic recovery is underway.
Topic:
Economics and Political Economy
Political Geography:
United States

5177. Composite Indexes of Leading, Coincident, and Lagging Indicators: January 2002

Publication Date:
01-2002
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The Conference Board announced today 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 2001 to January 2002. This is the fourth consecutive month that the six-month growth rate of the leading index has improved. Meanwhile, the six-month diffusion index, which measures the number of components that are rising, has 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 rate of decline of nonagricultural payrolls and industrial production has 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. This underscores the strength of the leading index and indicates a likely economic recovery, barring any unexpected negative events.
Topic:
Economics and Political Economy
Political Geography:
United States

5178. "Realisms at war": Robert Gilpin's political economy of hegemonic war as a critique of Waltz's neorealism

Author:
Stefano Guzzini
Publication Date:
03-2002
Content Type:
Working Paper
Institution:
Danish Institute for International Studies
Abstract:
There are two main ways to approach the general topic “International Political Economy and war”. One consists in adding a list of items to a definition of war already known. This usually includes a longer list of strategically important economic resources for which countries might go to conflict or they might need in a conflict. Some of this comes now often under the grandiose name of “geo-economics”. Another approach, however, would look what a different understanding of human motivation and the international system makes to our very understanding of war.
Topic:
Security, Defense Policy, Economics, International Organization, and War
Political Geography:
Europe

5179. Kosovo/a Standing Technical Working Group, Thirteenth Meeting: Integration Returns

Author:
Robert Curis
Publication Date:
06-2002
Content Type:
Working Paper
Institution:
European Centre for Minority Issues
Abstract:
The International Community should concentrate its efforts on the process of returns rather than looking to the numbers of individual returnees. . The present authorities (Provisional Institutions of Self Government – PISG – and United Nations Mission In Kosovo) should be assisted in promoting the right of all Internally Displaced Persons to return to their homes or remain in their present domicile, through ensuring the necessary social, institutional and legal preconditions for minorities to remain in Kosovo. This will help in promoting confidence building and dialogue that work toward reconciliation and tolerance between communities. . Financial assistance should be given towards organizing a proper education system for young people – if the process of returns targets only older people the effectiveness of the process is at stake. Financial support for returns should continue to be provided. Financial and technical assistance should be provided to finish projects begun in the last few years (reconstruction of houses, etc.)
Topic:
Civil Society, Development, and Economics
Political Geography:
Europe

5180. Kosovo/a Standing Technical Working Group, Eleventh Meeting: Economic Development and Labour

Author:
Graham Holliday
Publication Date:
12-2002
Content Type:
Working Paper
Institution:
European Centre for Minority Issues
Abstract:
The Standing Technical Working Group (STWG) was established in March 2001 to address important issues of public policy in Kosovo/a at a technical level. It is composed of experts from Kosovo/a NGOs, the political parties and other civil society representatives. Its membership is fully interethnic and it prides itself on being able to conduct debate in Kosovo/a in an interethnic way. The Group reviews technical aspects of current policy and formulates proposals and critical questions in relation to them. It then seeks to engage the relevant appointed local and international representatives on these issues. In response to the changed political environment in Kosovo/a following the Assembly elections in November 2001, the Group sought to enhance its role in public policy analysis and development through the establishment of four expert working groups. These Expert Committees (ECs) have devoted their activities in 2002 to monitoring policy developments in four areas considered most relevant to the needs of all communities in Kosovo/a. One of these is the Expert Committee on Economic Development and Labour.
Topic:
Civil Society, Development, and Economics
Political Geography:
Europe