Daily News
View All NewsUS leading index decelerates in August
The U.S. leading economic index rose in August for the seventh consecutive month, The Conference Board reported today. The index edged up 0.2 percent in August to a reading of 103.8 (2004 = 100), following a 1.1 percent increase in July and a 0.7 percent increase in June.
“The leading indicators point to an economy that is continuing to gain traction, but most likely won’t repeat its stellar second quarter performance in the second half,” said Ken Goldstein, economist at The Conference Board. “Meanwhile, the CEI, a measure of current economic activity, continued to expand through August, amid improving personal income, employment and retail sales. However, industrial production registered a slight decrease for the first time in seven months.”