FOREX TradingCharts.com

Financial News: U.S. Leading Economic Index Climbs Slightly Less Than

U.S. Leading Economic Index Climbs Slightly Less Than Expected In August

09/20/2018 - 10:31:00 (RTTNews)

(RTTNews) - Indicating the U.S. economy will continue expanding through 2018, the Conference Board released a report on Thursday showing a continued increase by its index of leading economic indicators in the month of August.

The Conference Board said its leading economic index rose by 0.4 percent in August after climbing by an upwardly revised 0.7 percent in July.

Economists had expected the index to advance by 0.5 percent compared to the 0.6 percent increase originally reported for the previous month.

"The leading indicators are consistent with a solid growth scenario in the second half of 2018 and at this stage of a maturing business cycle in the U.S., it doesn't get much better than this," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at the Conference Board.

He added, "The strengths among the LEI's components were very widespread, further supporting an outlook of above 3.0 percent growth for the remainder of 2018."

However, Ozyildirim noted the leading index's growth trend has moderated since the start of the year and said industrial companies more sensitive to the business cycle should be on the lookout for a possible moderation in economic growth next year.

The continued increase by the leading index reflected positive contributions from seven of the ten indicators, including the ISM New Orders Index, the Leading Credit Index, the interest rate spread, and stock prices.

Negative contributions from building permits, average weekly manufacturing hours and manufacturers' new orders for non-defense capital goods excluding aircraft limited the upside for the index.

The report also said the coincident economic index edged up by 0.2 percent in August, matching the uptick seen in July. All four indicators that make up the index increased in August.

The lagging economic index also rose by 0.2 percent in August after dipping by 0.2 percent in July, reflecting positive contributions from the average duration of unemployment and the ratio of consumer installment credit outstanding to personal income.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Manufacturing PMI On Tap For Wednesday (01 hr(s), 06 min(s), 26 sec(s) ago)
(RTTNews) - Japan will on Wednesday see preliminary October numbers for the Manufacturing PMI from ...Full Story»

Eurozone Consumer Confidence Unexpectedly Improves In October (08 hr(s), 37 min(s), 26 sec(s) ago)
(RTTNews) - Euro area consumer confidence improved modestly in October, defying economists' ex ...Full Story»

Eurozone Banks Expect Loan Demand Growth To Continue In Q4: ECB Survey (09 hr(s), 02 min(s), 26 sec(s) ago)
(RTTNews) - Euro area banks expect further increase in demand for loans from businesses and househ ...Full Story»

UK Factory Orders Fall At Fastest Pace In Three Years: CBI (09 hr(s), 46 min(s), 26 sec(s) ago)
(RTTNews) - British factory orders dropped at the fastest pace in three years in the quarter to Oc ...Full Story»

Iceland Wages Rise In September (10 hr(s), 33 min(s), 26 sec(s) ago)
(RTTNews) - Iceland's wage index rose in September after declining in the previous month, figu ...Full Story»

Taiwan Retail Sales Growth Rebounds In September (11 hr(s), 26 min(s), 26 sec(s) ago)
(RTTNews) - Taiwan's retail sales annual growth gained momentum in September after slowing sha ...Full Story»

Poland Unemployment Rate At 28-year Low (11 hr(s), 41 min(s), 26 sec(s) ago)
(RTTNews) - Poland's unemployment rate eased slightly in September, after holding steady in th ...Full Story»

South Africa Leading Index Decreases For Second Month (12 hr(s), 01 min(s), 26 sec(s) ago)
(RTTNews) - South Africa's leading economic index dropped for a second straight month in Augus ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Manufacturing PMI On Tap For Wednesday

10/23/2018 - 18:16 PM (RTTNews)
(RTTNews) - Japan will on Wednesday see preliminary October numbers for the Manufacturing PMI from ...Full Story>>

Eurozone Consumer Confidence Unexpectedly Improves In October

10/23/2018 - 10:45 AM (RTTNews)
(RTTNews) - Euro area consumer confidence improved modestly in October, defying economists' ex ...Full Story>>

Eurozone Banks Expect Loan Demand Growth To Continue In Q4: ECB Survey

10/23/2018 - 10:20 AM (RTTNews)
(RTTNews) - Euro area banks expect further increase in demand for loans from businesses and househ ...Full Story>>

UK Factory Orders Fall At Fastest Pace In Three Years: CBI

10/23/2018 - 09:36 AM (RTTNews)
(RTTNews) - British factory orders dropped at the fastest pace in three years in the quarter to Oc ...Full Story>>

Iceland Wages Rise In September

10/23/2018 - 08:49 AM (RTTNews)
(RTTNews) - Iceland's wage index rose in September after declining in the previous month, figu ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.