Leading U.S. economic indicators inched higher for the second consecutive month in October, the Conference Board said in a report on Friday.
The Conference Board said its leading economic index crept up by 0.1 percent in October after edging up by 0.2 percent in September. The uptick by the index matched economist estimates.
"Although its six-month growth rate has moderated, the index still suggests that the economy will continue expanding into early 2017," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at the Conference Board.
Ozyildirim said positive contributions from the interest rate spread and average weekly hours helped offset weaknesses in claims for unemployment insurance and new orders.
The report said the coincident economic index inched up by 0.1 percent for the second consecutive month, while the lagging economic index rose by 0.2 percent for the second straight month.
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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.