In August, the leading indicators rose by 0.6% M/M, following an upwardly revised 0.9% M/M increase in July, earlier reported as an 0.6% M/M increase. The August rise fell slightly shy of the 0.7% M/M increase expected, but including the revision the outcome was stronger. It was the fifth consecutive monthly increase and the index is up 1.9% Y/Y, following a 0.5% Y/Y rise in July. The leading indicators have leading qualities on production with a lead time of about 6 months.