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The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.1% in October to 124.5 (2010 = 100), following a 0.2% increase in September, and a 0.2% decline in August.
"The U.S. LEI increased in October for a second consecutive month. 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. "The interest rate spread and average weekly hours were the main drivers of October's improvement, helping to offset some of the weaknesses in claims for unemployment insurance and new orders."
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.1% in October to 114.3 (2010 = 100), following a 0.1% increase in September, and a 0.2% increase in August.
The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.2% in October to 122.9 (2010 = 100), following a 0.2% increase in September, and a 0.3% increase in August.
About The Conference Board Leading Economic Index® (LEI) for the U.S.
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
