08252019Sun
Last updateThu, 22 Aug 2019 5pm

Manufacturing & The Economy

U.S. Leading Economic Indicators Increased in September

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.5% in September to 111.8 (2016 = 100), following a 0.4% increase in August, and a 0.7% increase in July.

“The U.S. LEI improved further in September, suggesting the U.S. 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,” said Ataman Ozyildirim, director and global research chair at The Conference Board. “Economic growth could exceed 3.5% in the second half of 2018, but, unless the momentum in housing, orders and stock prices accelerates, that pace is unlikely to be sustained in 2019.” 

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