Leading indicators index shows largest monthly gain since 2011
Friday, December 06, 2013 3:43 PM
Just three days after releasing the September data, the Iowa Department of Revenue released a rosier picture with the Iowa Leading Indicators Index for October. The October index had a reading of 106.9 after slipping to 106.5 in September, the largest monthly percent gain since February 2011. The index had a slight drop in September, but the percentage change rounded up to zero. The index was constructed to have a value of 100 in 1999. The monthly diffusion index rose to 75. The six-month annualized change in the index was up in October and positive (2.4 percent) for the sixth consecutive month. The six-month diffusion index was steady at 87.5. Employment growth continued in October, but at the slowest rate since November 2011. Iowa Leading Indicators Index reports have been lagging due to the federal government shutdown, according to a spokesperson from the Iowa Department of Revenue.