INDICATORSUS Leading IndicatorsITR Leading Indicator(Actual)IndicatorHousing Starts(Most recent 12 months compared to same 12 months one year ago)Consumer Expectations Index(Most recent 12 months compared to same 12 months one year ago)Chicago Fed National Activity Index(Three-month average)US Leading Indicator(Raw Data)Purchasing Managers Index(Raw Data)S&P 500 Stock Prices(Raw Data)DirectionRisingRisingRisingAbove -0.7RisingTicked UpwardGenerallyRisingWhat it means for the US economyExpansion in the overall economy into mid-2013Economic growth into 2013Consumer confidence is on the rise, suggesting gains inconsumer spending aheadNo recession for the next 11 monthsContinued economic growth through early 2013Economic growth through the first half of 2013Near-term indications are positiveThe Leading Indicators are suggesting the US Economy will continue toexp<strong>and</strong> through the majority of 2013. Begin missionary efforts into newmarkets to help build a client base for the 2014 recession.ITR Economics 13 1st Quarter - 2013
Appendix—Market DefinitionsPharmaceutical <strong>and</strong> Medical Devices <strong>Production</strong> - Index, 2007 = 100. This industry comprises establishments primarily engaged in manufacturing medicalequipment <strong>and</strong> supplies <strong>and</strong> establishments primarily engaged in one or more of the following: (1) manufacturing biological <strong>and</strong> medicinal products; (2)processing (i.e., grading, grinding, <strong>and</strong> milling) botanical drugs <strong>and</strong> herbs; (3) isolating active medicinal principals from botanical drugs <strong>and</strong> herbs; <strong>and</strong> (4)manufacturing pharmaceutical products intended for internal <strong>and</strong> external consumption in such forms as ampoules, tablets, capsules, vials, ointments,powders, solutions, <strong>and</strong> suspensions.Personal Care <strong>Products</strong> <strong>Production</strong> - Index, 2007 = 100. This industry comprises establishments primarily engaged in manufacturing <strong>and</strong> packaging soap <strong>and</strong>other cleaning compounds, surface active agents, <strong>and</strong> textile <strong>and</strong> leather finishing agents used to reduce tension or speed the drying process.Beverages, Coffee & Tea <strong>Production</strong> - Index, 2007 = 100. This industry comprises establishments primarily engaged in one or more of the following: (1)manufacturing soft drinks; (2) manufacturing ice; <strong>and</strong> (3) purifying <strong>and</strong> bottling water <strong>and</strong> establishments primarily engaged in one or more of the following: (1)roasting coffee; (2) manufacturing coffee <strong>and</strong> tea concentrates (including instant <strong>and</strong> freeze-dried); (3) blending tea; (4) manufacturing herbal tea; <strong>and</strong> (5)manufacturing coffee extracts, flavorings, <strong>and</strong> syrups.<strong>Chemicals</strong> <strong>and</strong> <strong>Cleaning</strong> <strong>Products</strong> <strong>Production</strong>s - Index, 2007 = 100 . This industry comprises establishments who transform organic <strong>and</strong> inorganic raw materialsby a chemical process <strong>and</strong> the formulation of products.Industrial Durables, Hardgoods, Components <strong>and</strong> Parts - Index, 2007 = 100. This industry comprises establishments primarily engaged in the manufacture ofconsumer <strong>and</strong> commercial durable goods incl. metals, computer parts, electrical components, transportation equipment, <strong>and</strong> furniture.Food <strong>and</strong> Foods Preparation <strong>Production</strong> - Index, 2007 = 100. The food products manufactured in these establishments are typically sold to wholesalers orretailers for distribution to consumers, but establishments primarily engaged in retailing bakery <strong>and</strong> c<strong>and</strong>y products made on the premises not for immediateconsumption are included.Canada Industrial <strong>Production</strong> - Industrial production index for Canada, 2000 = 100, SA.Southeast Asia Industrial <strong>Production</strong> - Industrial production index for Southeast Asia, 2000 = 100, NSA.Europe Industrial <strong>Production</strong> - Industrial production index for Europe, 2000=100, NSA.Latin America Industrial <strong>Production</strong> - Industrial production index for Latin America, 2000=100, NSA.ITR Economics 14 1st Quarter - 2013