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Leading Economic Indicators Up Slightly in December

The University of San Diego's Index of Leading Economic Indicators for San Diego County rose 0.1 percent in December.  Four components--initial claims for unemployment insurance, local stock prices, consumer confidence, and the outlook for the national economy--were positive during the month, with initial claims for unemployment insurance and consumer confidence particularly strong.  These offset big declines in building permits and help wanted advertising to leave the Index up slightly for the month.


Index of Leading Economic Indicators 
The index for San Diego County that includes the components listed below (December) 
Source: University of San Diego 
+ 0.1 % 
Building Permits 
Residential units authorized by building permits in San Diego County (December) 
Source: Construction Industry Research Board 
- 1.74% 
Unemployment Insurance 
Initial claims for unemployment insurance in San Diego County, inverted (December) 
Source: Employment Development Department 
+ 1.28% 
Stock Prices 
San Diego Stock Exchange Index (December) 
Source: San Diego Daily Transcript 
+ 0.57%
Consumer Confidence 
An index of consumer confidence in San Diego County (December) 
Source: San Diego Union-Tribune
+ 1.13% 
Help Wanted Advertising 
An index of help wanted advertising in the San Diego Union-Tribune (December) 
Source: San Diego Union-Tribune
- 1.52% 
National Economy 
Index of Leading Economic Indicators (December) 
Source: The Conference Board 
+ 0.55% 

The values for the Index of Leading Economic Indicators for San Diego County for the last year are given below:

Index

% Change
2004 DEC 143.5 +0.5%
2005 JAN 143.4 -0.1%
FEB 143.3 -0.1%
MAR 142.7 -0.4%
APR 142.1 -0.4%
MAY 142.0 -0.1%
JUN 142.1 +0.1%
JUL 142.2 +0.1%
AUG 142.1 +0.0%
SEP 141.4 -0.5%
OCT 141.2 -0.1%
NOV 141.5 +0.2%
DEC 141.6 +0.1%

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For more information on the University of San Diego's Index of Leading Economic Indicators, please contact:

Professor Alan Gin 
School of Business Administration 
University of San Diego 
5998 Alcalá Park 
San Diego, CA 92110 
TEL: (858) 603-3873 

FAX: (858) 484-5304 

E-mail: agin@san.rr.com