FOREX TradingCharts.com

Financial News: U.S. Leading Economic Index Climbs More Than Expected

U.S. Leading Economic Index Climbs More Than Expected In August

09/21/2017 - 10:23:00 (RTTNews)

(RTTNews) - Reflecting large positive contributions from building permits, the yield spread, and consumer expectations, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators.

The Conference Board said its leading economic index climbed by 0.4 percent in August after rising by 0.3 percent in July. Economists had expected the index to edge up by 0.2 percent.

"The August gain is consistent with continuing growth in the U.S. economy for the second half of the year, which may even see a moderate pick up," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at the Conference Board.

He added, "While the economic impact of recent hurricanes is not fully reflected in the leading indicators yet, the underlying trends suggest that the current solid pace of growth should continue in the near term."

The bigger than expected increase by the headline index came as the positive contributions from building permits, the interest rate spread, and consumer expectations more than offset a large negative contribution from initial jobless claims.

Meanwhile, the Conference Board said the coincident economic index came in unchanged in August following a 0.3 percent increase in July.

Positive contributions from employees on non-farm payrolls, personal income less transfer payments and manufacturing and trade sales were offset by a negative contribution from industrial production.

The report also said the lagging economic index rose by 0.3 percent in August after edging up by 0.2 percent in July.

The increase reflected positive contributions from commercial and industrial loans outstanding, the average duration of unemployment, the ratio of consumer installment credit outstanding to personal income, and the ratio of manufacturing and trade inventories to sales.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Japan Supermarket Sales Decline In September (24 min(s), 29 sec(s) ago)
(RTTNews) - Japan's supermarket sales dropped in September from a year ago, a report from the ...Full Story»

Australia's Consumer Confidence Improves (19 min(s), 31 sec(s) ago)
(RTTNews) - Australia's consumer confidence rebounded during the week ended October 22, a week ...Full Story»

Japan Manufacturing PMI Slows In October - Nikkei (05 min(s), 31 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in October, albeit at a slightly ...Full Story»

ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph (31 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closin ...Full Story»

BRAZIL: Caution With Politics Dictates Stock Market Tone (49 min(s), 31 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 1.27% Monday, closing at 75,413.12 ...Full Story»

VENEZUELA: CNE Did Not Receive Formal Challenge To Electoral Process (31 min(s), 31 sec(s) ago)
(RTTNews) - Venezuela's National Electoral Council (CNE) director Tania D 'Amelio said tha ...Full Story»

COLOMBIA: Colcap Drops 0.32% On Fears Of Possible U.S. Rate Hike (16 min(s), 31 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.32% Monday, closing at ...Full Story»

VENEZUELA: Country And China Strengthen Strategic Alliance In Energy (07 min(s), 31 sec(s) ago)
(RTTNews) - Venezuela and China strengthened their strategic alliance in energy, primarily aiming ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Supermarket Sales Decline In September

10/24/2017 - 01:15 AM (RTTNews)
(RTTNews) - Japan's supermarket sales dropped in September from a year ago, a report from the ...Full Story>>

Australia's Consumer Confidence Improves

10/23/2017 - 23:59 PM (RTTNews)
(RTTNews) - Australia's consumer confidence rebounded during the week ended October 22, a week ...Full Story>>

Japan Manufacturing PMI Slows In October - Nikkei

10/23/2017 - 20:45 PM (RTTNews)
(RTTNews) - The manufacturing sector in Japan continued to expand in October, albeit at a slightly ...Full Story>>

ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph

10/23/2017 - 20:40 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closin ...Full Story>>

BRAZIL: Caution With Politics Dictates Stock Market Tone

10/23/2017 - 20:29 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock index in Brazil, fell 1.27% Monday, closing at 75,413.12 ...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.