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Leading Economic Index for the US declines slightly

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Leading Economic Index for the US declines slightly

Economic expansion to continue, but at moderate pace.

The Conference Board Leading Economic Index for the US declined 0.2% in September. The Index was unchanged in August and July.  

"Despite September's decline, the US LEI still suggests economic expansion will continue, although at a moderate pace," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "The recent weakness in stock markets, the manufacturing sector and housing permits was offset by gains in financial indicators, and to a lesser extent improvements in consumer expectations and initial claims for unemployment insurance. The US economy is on track for moderate growth of about 2.5% in the coming quarters, despite the mixed global economic landscape."

"The US economy is on track for moderate growth of about 2.5% in the coming quarters."

The Conference Board Coincident Economic Index for the US increased 0.2% in September, following a 0.1% increase in August, and a 0.3% increase in July.

The Conference Board Lagging Economic Index for the US increased 0.5% in September, following a 0.1% increase in August, and a 0.4% increase in July.

 

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