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- U.S. Leading Economic Index down 0.1 percent in September
U.S. Leading Economic Index down 0.1 percent in September
The Conference
Board announced on Friday its Leading Economic Index (LEI) for the U.S. edged
down 0.1 in September to 111.9 (2016 = 100), following a revised 0.2 percent decrease
in August (originally a 0.3 percent m-o-m drop).
Economists had
forecast an advance of 0.1 percent.
Ataman
Ozyildirim, Senior Director of Economic Research at The Conference Board, said “The
US LEI declined in September because of weaknesses in the manufacturing sector
and the interest rate spread which were only partially offset by rising stock
prices and a positive contribution from the Leading Credit Index. The LEI
reflects uncertainty in the outlook and falling business expectations, brought
on by the downturn in the industrial sector and trade disputes. Looking ahead,
the LEI is consistent with an economy that is still growing, albeit more
slowly, through the end of the year and into 2020.”
The report also
revealed the Conference Board Coincident Economic Index (CEI) for the U.S. was
unchanged in September, remaining at 106.4, following a 0.3 percent advance in
August. Meanwhile, its Lagging Economic Index (LAG) for the U.S. rose 0.1
percent in September to 108.3, following a 0.4 percent drop in August.
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