Still, some upturn is better than no upturn: housing is at least ceasing to be a drag on the national economy.
Here's another thing to know about the index of leading indicators: in the past, the upturn in this index precedes the economy's upturn by as much as 12 months.
The second quarter did indeed see the end of the downturn, and by last week signs of upturn were visible (see BUSINESS) even through grey-colored glasses.
In April, euro zone factories were surprisingly busier, thanks to…France Euro zone industrial output picked up 0.4% in April, compared with March (pdf). Sure, that seems miniscule. But this is the euro zone we’re talking about, so we count everything. Plus, this upturn surprised ...
June 12, 2013 - Quartz via Yahoo! Finance
Jean-Claude Trichet in Wall Street Journal Many countries in the industrialized world have reached the limits of fiscal expansion,Mr. Trichet told a central banking conference. "Fiscal authorities need to look beyond the current cyclical upturn. There is no alternative to that."