US Leading Economic Index rises in August, points to robust growth for rest of year
September 23, 2021 – The Conference Board Leading Economic Index for the US rose in August and is pointing to robust growth for the rest of this year. It increased by 0.9% in August, reading a level of 117.1.
“The US [Leading Economic Index] rose sharply in August and remains on a rapidly rising trajectory,” said Ataman Ozyildirim, senior director of economic research at The Conference Board. “While the Delta variant — alongside rising inflation fears — could create headwinds for labor markets and the consumer spending outlook in the near term, the trend in the [Leading Economic Index] is consistent with robust economic growth in the reminder of the year.”
Real GDP growth for 2021 is expected to reach nearly 6.0% year over year, before easing to a still-robust 4.0% for 2022, Ozyildirim said.
In July, the Leading Economic Index had risen 0.8%. In June, it had risen 0.6%.
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