US: Conference Board Leading Economic Index increases 0.5% in September to 111.8
|"The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.5 percent in September to 111.8, following a 0.4 percent increase in August, and a 0.7 percent increase in July," the Conference Board announced on Thursday.
Key takeaways from the press release
- The US LEI improved further in September, suggesting the US business cycle remains on a strong growth trajectory heading into 2019.
- However, the LEI’s growth has slowed somewhat in recent months, suggesting the economy may be facing capacity constraints and increasingly tight labor markets.
- The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.1 percent in September to 104.4, following a 0.3 percent increase in August, and a 0.1 percent increase in July.
- The Conference Board Lagging Economic Index® (LAG) for the U.S. declined 0.1 percent in September to 105.3, following a 0.2 percent increase in August and a 0.2 percent decline in July.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.