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San Diego Leading Economic Indicators

Leading Economic Indicators Up in May

Highlights:

  • The USD Economic Index rose 0.6% in May after a gain of 0.5% in April.
  • Five of the six components – consumer confidence, help wanted advertising, local stock prices, building permits and the outlook for the national economy – were all up for the month.
  • The only negative component was unemployment insurance initial claims.
  • May’s increase was the 9th straight gain and the 17th up month in the last 18 months.
  • Improvements in the housing market and employment has increased consumer confidence and led to a “wealth effect” that is fueling consumer spending.