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Leading index falls

September 20 2007

The Conference Board reported the U.S. leading index of economic indicators fell 0.6% in August to 137.8. Based on revised data, the index rose 0.7% in July and fell 0.1% in June.

Real money supply, one of the 10 indicators, increased in August. The negative contributors included the index of consumer expectations, average weekly initial claims for unemployment insurance (inverted), stock prices, building permits, vendor performance, manufacturers' new orders for nondefense capital goods, interest rate spread and manufacturers' new orders for consumer goods and materials. Average weekly manufacturing hours held steady in August.

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