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The Conference Board Leading Economic Index for the U.S. Increased in October
November 20, 2017 | PRNewswireEstimated reading time: 1 minute
The Conference Board Leading Economic Index (LEI) for the U.S. increased 1.2% in October to 130.4 (2010 = 100), following a 0.1% increase in September, and a 0.4% increase in August.
"The US LEI increased sharply in October, as the impact of the hurricanes dissipated," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "The growth of the LEI, coupled with widespread strengths among its components, suggests that solid growth in the US economy will continue through the holiday season and into the new year."
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.3% in October to 116.2 (2010 = 100), following a 0.1% increase in September, and no change in August.
The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.2% in October to 125.5 (2010 = 100), following no change in September, and a 0.2% 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.
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