Leading Economic Indicators
Hi all – cfa book 3, chapter 18, question 14.
It gives info on a few leading indicators for three periods (which are strengthening) then it gives the overall index value, which is 111 – 115 – 116. The question asks what is likely to happen with the economy in coming months. I said it will expand but at a slower pace (because the rate of increase of the overall index is slowing). the answer just said it will continue growing, and focused on the individual constituents.
So I wanted to check I’m interpreting the index correctly? What would you guys have answered?
Cheers! |