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Released: Friday, November 18, 2016

The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.1 percent in October to 124.5 (2010 = 100), following a 0.2 percent increase in September, and a 0.2 percent decline in August.

“The U.S. LEI increased in October for a second consecutive month. Although its six-month growth rate has moderated, the index still suggests that the economy will continue expanding into early 2017,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The interest rate spread and average weekly hours were the main drivers of October’s improvement, helping to offset some of the weaknesses in claims for unemployment insurance and new orders.”


The Conference Board Coincident Economic Index
® (CEI) for the U.S. increased 0.1 percent in October to 114.3 (2010 = 100), following a 0.1 percent increase in September, and a 0.2 percent increase in August.


The Conference Board Lagging Economic Index
® (LAG) for the U.S. increased 0.2 percent in October to 122.9 (2010 = 100), following a 0.2 percent increase in September, and a 0.3 percent increase in August.


About The Conference Board Leading Economic Index® (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® for the U.S. include:

Average weekly hours, manufacturing
Average weekly initial claims for unemployment insurance
Manufacturers’ new orders, consumer goods and materials
ISM® 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™
Interest rate spread, 10-year Treasury bonds less federal funds
Average consumer expectations for business conditions


For full press release and technical notes:
www.conference-board.org/data/bcicountry.cfm?cid=1

For more information about The Conference Board global business cycle indicators:
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. 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

The next release is scheduled for Thursday, December 22 at 10 A.M. ET.

Professional Contacts at The Conference Board:

Ken Goldstein: +1 (212) 339-0331
Indicator Program: indicators@conference-board.org

Media Contacts:

Carol Courter
+1 (212) 339-0232
carol.courter@conference-board.org

©The Conference Board 2015. All data contained in this table are protected by United States and international copyright laws. The data displayed are provided for informational purposes only and may only be accessed, reviewed, and/or used in with the permission accordance of The Conference Board consistent with a subscriber or license agreement and the Terms of Use displayed on our website at www.conference-board.org. The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written permission from The Conference Board.

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Download related PDFs

Technical Notes
Underlying detail, diffusion indexes, components, contributions and graphs

Press Release
With graph and summary table

Straight Talk November 2015

StraightTalk® Global Economic Outlook 2016: Escaping the Global Economy's Holding Pattern

Falling unemployment shows that the labor market remains tight even as job growth slows

Employment increased by 178,000 in November after increasing by a downwardly revised 142,000 jobs in October.

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