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December 26, 2017 | PRNewswireEstimated reading time: 1 minute
The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.4% in November to 130.9 (2010 = 100), following a 1.2% increase in October, and a 0.1% increase in September.
"The U.S. LEI rose again in November, suggesting that solid economic growth will continue into the first half of 2018," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "In recent months, unemployment insurance claims have returned to pre-hurricane levels. In addition, improving financial indicators, new orders in manufacturing and historically high consumer sentiment have propelled the U.S. LEI even higher."
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.3% in November to 116.5 (2010 = 100), following a 0.3% increase in October, and a 0.1% increase in September.
The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.1% in November to 125.6 (2010 = 100), following a 0.3% increase in October and a 0.1% decline in September.
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.
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. Winner of the Consensus Economics 2016 Forecast Accuracy Award (U.S.), The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.
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