After reporting an unexpected drop in its reading on leading U.S. economic indicators in the previous month, the Conference Board released a report on Thursday showing that its leading economic indicators index rose in line with estimates in September.
The Conference Board said its leading economic index edged up by 0.2 percent in September after dipping by 0.2 percent in August.
"The U.S. LEI increased in September, reversing its August decline, which together with the pickup in the six-month growth rate suggests that the economy should continue expanding at a moderate pace through early 2017," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at the Conference Board.
The rebound by the leading index partly reflected positive contributions from building permits, the interest rate spread, and unemployment insurance claims.
The strengths among the leading indicators outweighed modest weaknesses in stock prices and the average workweek, Ozyildirim said.
The report also said the coincident economic index rose by 0.2 percent in September after showing no change in August. All four indicators that make up the index increased during the month.
Additionally, the Conference Board said the lagging economic index edged up by 0.2 percent in September, matching the increase seen in August.
The continued increase by the index partly reflected positive contributions from the ratio of consumer installment credit outstanding to personal income and the change in consumer prices for services.
For comments and feedback contact: editorial@rttnews.com
Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.