The
Conference Board announced on Thursday its Leading Economic Index (LEI) for the
U.S. rose 0.2 percent m-o-m in September to 117.5 (2016 = 100), following a
revised 0.8 percent m-o-m gain in August (originally a 0.9 percent m-o-m increase).
Economists
had forecast an advance of 0.4 percent m-o-m.
“The
U.S. LEI rose again in September, though at a slower rate, suggesting the
economy remains on a more moderate growth trajectory compared to the first half
of the year,” noted Ataman Ozyildirim, Senior Director of Economic Research at
The Conference Board. “The Delta variant, rising inflation fears, and supply
chain disruptions are all creating headwinds for the US economy.”
The
report also revealed the Conference Board Coincident Economic Index (CEI) for
the U.S. was unchanged m-o-m in September at 105.8, following a 0.1 percent
m-o-m uptick in August. Meanwhile, its Lagging Economic Index (LAG) for the
U.S. rose 0.3 percent m-o-m in September to 106.5, following a 0.1 percent
m-o-m advance in the previous month.