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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