“The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.5 percent in September to 111.8, following a 0.4 percent increase in August, and a 0.7 percent increase in July,” the Conference Board announced on Thursday.
Key takeaways from the press release
- The US LEI improved further in September, suggesting the US business cycle remains on a strong growth trajectory heading into 2019.
- However, the LEI’s growth has slowed somewhat in recent months, suggesting the economy may be facing capacity constraints and increasingly tight labor markets.
- The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.1 percent in September to 104.4, following a 0.3 percent increase in August, and a 0.1 percent increase in July.
- The Conference Board Lagging Economic Index ® (LAG) for the U.S. declined 0.1 percent in September to 105.3, following a 0.2 percent increase in August and a 0.2 percent decline in July.
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