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Leading Economic Index for the US jumps sharply in October

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Leading Economic Index for the US jumps sharply in October

Despite slow GDP growth in Q3, conditions appear to be improving.

The Conference Board Leading Economic Index for the US increased 0.6% in October, following a 0.1% decline in September, and a 0.1% decline in August.

"The US LEI rose sharply in October, with the yield spread, stock prices, and building permits driving the increase," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "Despite lackluster third quarter growth, the economic outlook now appears to be improving. While the US LEI's six-month growth rate has moderated, the US economy remains on track for continued expansion heading into 2016."

The Conference Board Coincident Economic Index for the US increased 0.2% in October, following a 0.1% increase in September, and a 0.2% increase in August.

The Conference Board Lagging Economic Index for the US increased 0.2% in October, following a 0.6% increase in September, and a 0.2% increase in August. 

 

 

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