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.