US leading index suggests increased growth

The Conference Board’s US leading economic index rose sharply in October, suggesting continued expansion heading into the New Year. The index rose 0.6% in October to a reading of 124.1 (2010 = 100), following declines of 0.1% in both September and August.

“The US LEI rose sharply in October, with the yield spread, stock prices, and building permits driving the increase,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “Despite lackluster third-quarter growth, the economic outlook now appears to be improving. While the US LEI’s six-month growth rate has moderated, the US economy remains on track for continued expansion heading into 2016.”

Source: http://www.staffingindustry.com/

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s