Leading Indicators -0.1%, Philadelphia FED -5.8 - 17.5.2012

The index of U.S leading indicators dropped by -0.1 per cent in April unexpectedly after advancing for six consecutive months, the forecast was an increase of 0.1 per cent. The latter indicates that the U.S economy is losing momentum as Americans added jobs at a slowest pace, declining building permits and weaker consumer confidence. Philly Fed Manufacturing fell by 5.8 while it was anticipated to increase by 10.8 as the Federal Reserve Bank of Philadelphia reported today, the previous figure was at 8.5.