• US leading index continued to increase

Market news

18 November 2016

US leading index continued to increase

Leading economic indicators from the Conference Board (LEI) index for the US increased by 0.1 percent in October to 124.5 (2010 = 100), after rising 0.2 percent in September. Last change coincided with forecasts.

"The leading indicator rose for the second consecutive month in October. Although the 6-month rate of growth has slowed, the index still shows that the economy will continue to expand in early 2017. Improving in the sub-index of interest rate and the sub-index of the average working week were the main factors to improve the overall index in October"- said Ataman Oziildirim, director of business cycles in the Conference Board.

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