U.S. leading economic index up again in September

WASHINGTON, Oct 21 (BestGrowthStock) – A key gauge of future U.S.
economic activity posted a third successive increase in
September, but at a pace so modest that it implied only
lackluster growth ahead.

The independent Conference Board said on Thursday its
Leading Economic Index rose 0.3 percent last month after a
revised 0.1 percent gain in August and a 0.2 percent increase
in July.

Five of the 10 separate measures of activity that are
gauged by the index strengthened in September, led by a
narrower interest-rate spread and lower unemployment insurance
claims. But others, including building permit issuance and
consumer confidence, weakened from August levels.

“More than a year after the recession ended, the economy is
slow and has no forward momentum,” said Ken Goldstein, a
Conference Board economist. “The leading index suggests little
change in economic conditions through the holidays or the early
months of 2011.”
(Reporting by Glenn Somerville; Editing by Neil Stempleman)

U.S. leading economic index up again in September