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The Conference Board Leading Economic Index (LEI) for the U.S. declined 0.1% in September to 111.9 (2016 = 100), following a 0.2% decline in August, and a 0.4% increase in July.
“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,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “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 Conference Board Coincident Economic Index (CEI) for the U.S. was unchanged in September, remaining at 106.4 (2016 = 100), following a 0.3% increase in August, and no change in July.
The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.1% in September to 108.3 (2016 = 100), following a 0.4% decline in August, and a 0.7% increase in July.
About The Conference Board Leading Economic Index (LEI) for the U.S.
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.