Home | Growth | Leading Economic Index for the US increases slightly

Leading Economic Index for the US increases slightly

By
Font size: Decrease font Enlarge font
Leading Economic Index for the US increases slightly

Expectations for a pick-up in growth appear to be fading.

The Conference Board Leading Economic Index for the US increased 0.1% in August, following no change in July, and a 0.6% increase in June.

"The US LEI suggests economic growth will remain moderate into the New Year, with little reason to expect growth to pick up substantially."

"The US LEI suggests economic growth will remain moderate into the New Year, with little reason to expect growth to pick up substantially," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "Average working hours and new orders in manufacturing have been weak, pointing to more slow growth in the industrial sector. However, employment, personal income and manufacturing and trade sales have all been rising, helping to offset the weakness in industrial production in recent months."

The Conference Board Coincident Economic Index for the US increased 0.1% in August, following a 0.4% increase in July, and a 0.1% increase in June.

The Conference Board Lagging Economic Index for the US increased 0.2% in August, following a 0.3% increase in July, and a 0.9% increase in June.

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha