Press Release: The Conference Board Leading Economic Index(R) (LEI) for the U.S. Declined in September
19 October 2017 - 3:30PM
Dow Jones News
The Conference Board Leading Economic Index(R) (LEI) for the
U.S. Declined in September
First Decline in a Year, Partly Due to Impact of Hurricanes
PR Newswire
NEW YORK, Oct. 19, 2017
NEW YORK, Oct. 19, 2017 /PRNewswire/ -- The Conference Board
Leading Economic Index(R) (LEI) for the U.S. declined 0.2 percent
in September to 128.6 (2010 = 100), following a 0.4 percent
increase in August, and a 0.3 percent increase in July.
"The U.S. LEI declined slightly in September for the first time
in the last twelve months, partly a result of the temporary impact
of the recent hurricanes," said Ataman Ozyildirim, Director of
Business Cycles and Growth Research at The Conference Board. "The
source of weakness was concentrated in labor markets and
residential construction, while the majority of the LEI components
continued to contribute positively. Despite September's decline,
the trend in the U.S. LEI remains consistent with continuing solid
growth in the U.S. economy for the second half of the year."
The Conference Board Coincident Economic Index(R) (CEI) for the
U.S. increased 0.1 percent in September to 115.7 (2010 = 100),
following no change in August, and a 0.1 percent increase in
July.
The Conference Board Lagging Economic Index(R) (LAG) for the
U.S. declined 0.1 percent in September to 125.2 (2010 = 100),
following a 0.4 percent increase in August and a 0.1 percent
increase in July.
About The Conference Board Leading Economic Index(R) (LEI) for
the U.S.
The composite economic indexes are the key elements in an
analytic system designed to signal peaks and troughs in the
business cycle. The leading, coincident, and lagging economic
indexes are essentially composite averages of several individual
leading, coincident, or lagging indicators. They are constructed to
summarize and reveal common turning point patterns in economic data
in a clearer and more convincing manner than any individual
component -- primarily because they smooth out some of the
volatility of individual components.
The ten components of The Conference Board Leading Economic
Index(R) for the U.S. include:
Average weekly hours, manufacturing
Average weekly initial claims for unemployment insurance
Manufacturers' new orders, consumer goods and materials
ISM(R) Index of New Orders
Manufacturers' new orders, nondefense capital goods excluding
aircraft orders
Building permits, new private housing units
Stock prices, 500 common stocks
Leading Credit Index(TM)
Interest rate spread, 10-year Treasury bonds less federal
funds
Average consumer expectations for business conditions
For full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=1
For more information about The Conference Board global business
cycle indicators:
http://www.conference-board.org/data/bci.cfm
ABOUT THE CONFERENCE BOARD
The Conference Board is a global, independent business
membership and research association working in the public interest.
Our mission is unique: To provide the world's leading organizations
with the practical knowledge they need to improve their performance
and better serve society. Winner of the Consensus Economics 2016
Forecast Accuracy Award (U.S.), The Conference Board is a
non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt
status in the United States. www.conference-board.org
Summary Table of Composite Economic Indexes
-----------------------------------------------------------------
2017 6-month
Jul Aug Sep Mar to Sep
Leading Index 128.3 128.8 128.6 p
Percent Change 0.3 0.4 -0.2 p1.7
Diffusion 75.0 85.0 60.0 65.0
Coincident Index 115.6 r115.6 r115.7 p
Percent Change 0.1 r0.0 0.1 p0.7
Diffusion 75.0 50.0 87.5 100.0
Lagging Index 124.8 125.3 r125.2 p
Percent Change 0.1 r0.4 r-0.1 p1.1
Diffusion 42.9 71.4 57.1 57.1
p Preliminary r Revised
Indexes equal 100 in 2010
Source: The Conference Board
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SOURCE The Conference Board
/CONTACT: Carol Courter, 212-339-0232,
courter@conference-board.org, or Joe DiBlasi, 781-308-7935,
joseph.diblasi@conference-board.org
/Web site: http://www.conference-board.org
(END) Dow Jones Newswires
October 19, 2017 10:15 ET (14:15 GMT)
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