from Financial Sense
The Latest Conference Board Leading Economic Index (LEI) for September increased 0.2 percent to 124.4 from August’s 124.1. The latest indicator value came in at the month-over-month percent forecast by Investing.com.
Here is an overview from the LEI technical press release:
The Conference Board LEI for the US increased in September, after declining in August. Large positive contributions from building permits, the yield spread and average initial claims for unemployment insurance (inverted) fueled September’s gain. In the six-month period ending September 2016, the leading economic index increased 1.1 percent (about a 2.3 percent annual rate), much faster than its growth of 0.3 percent (about a 0.7 percent annual rate) during the previous six months. In addition, the strengths among the leading indicators remain slightly more widespread than the weaknesses.