The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.3% in October, following a 1% percent gain in September, and a 0.4% rise in August.
Says Ataman Ozyildirim, Economist at The Conference Board: "After half a year of consecutive increases, the month-to-month growth of the LEI is stabilizing and the gains continue to be broad-based. Meanwhile, the coincident economic index has been essentially flat since June, after declining since November 2007. The composite indexes suggest the recovery is unfolding and economic activity should continue improving in the near term."
The Conference Board Coincident Economic Index (CEI) for the U.S. was unchanged in October, following a 0.1% decline in September, and a 0.1% increase in August. The Conference Board Lagging Economic Index (LAG) declined 0.2% in October, following a 0.5% decline in September, and a 0.4% decline in August.
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