December 2007

Tables

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Text File

Table 1 Arizona Index of Leading Economic Indicators

		Leading Index	Percent   Change
2004	January	118.1	-0.59
	February	118.3	0.17
	March	117.8	-0.42
	April	118.9	0.93
	May	119.3	0.34
	June	119.2	-0.08
	July	120.1	0.76
	August	119.4	-0.58
	September	120.3	0.75
	October	119.7	-0.50
	November	119.8	0.08
	December	120.3	0.42
2005	January	120.2	-0.08
	February	120.2	0.00
	March	120.4	0.17
	April	119.8	-0.50
	May	119.8	0.00
	June	120.2	0.33
	July	119.6	-0.50
	August	119.4	-0.17
	September	119.2	-0.17
	October	120.2	0.84
	November	120.5	0.25
	December	120.7	0.17
2006	January	119.8	-0.75
	February	119.7	-0.08
	March	119.9	0.17
	April	119.9	0.00
	May	119.1	-0.67
	June	118.4	-0.59
	July	118.5	0.08
	August	119.2	0.59
	September	119.4	0.17
	October	119.6	0.17
	November	119.9	0.25
	December	119.0	-0.75
2007	January	119.9	0.76
	February	120.9	0.83
	March	120.6	-0.25
	April	121.2	0.50
	May	121.2	0.00
	June	119.9	-1.07
	July	121.3	1.17
	August	121.3	0.00
	September	120.2	-0.91
	October	119.6	-0.50
	November	119.1	-0.42
	December	118.5	-0.50

Table 2 Net Contribution+ of Individual Components to the Arizona Index of Leading Economic Indicators
	September	October	November	December
Delivery Time*	0.07	-0.06	-0.09	0.08
Inventory Levels*	0.04	-0.10	0.06	-0.02
New Orders*	-0.11	-0.33	0.24	-0.09
Production*	-0.13	-0.12	0.20	-0.31
Employment*	-0.05	-0.08	0.03	-0.24
Residential Building Permits	-0.65	0.15	-0.35	-0.15
Average Workweek, Manufacturing	-0.24	-0.10	-0.18	-0.04
Money Supply	0.21	-0.01	-0.35	0.13
Change in Sensitive Materials Prices	-0.02	0.07	0.09	0.05
OVERALL INDEX	-0.88	-0.58	-0.35	-0.59
+The net contribution of each component is calculated by multiplying the monthly percent change in its index by its relative importance. *Based on a survey of the Purchasing Management Association of Arizona, Purchasing Management Association of Southern Arizona and the Northern Arizona Group.