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US leading index returns to growth in September

October 23, 2014

The US leading economic index rose in September, The Conference Board reported today. The index rose 0.8 percent in September to a reading of 14.4 (2004 = 100), following no change in August and a 1.1 percent increase in July.

“The financial markets are reflecting turmoil and unease, but the data on the leading indicators continue to suggest moderate growth in the short-term,” said Ken Goldstein, economist at The Conference Board. “Meanwhile, the weak advances in the housing market remain a bigger risk to the outlook than short-term financial gyrations.”