US Leading Economic Index rises in September, but growth slows

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October 21, 2021

The Conference Board Leading Economic Index for the US rose in September but at a slower rate than the previous two months, pointing to moderate growth for the rest of this year. It increased by 0.2% in September, reaching a level of 117.5; this follows increases of 0.8% in August and 0.9% in July.

“The US [Leading Economic Index] rose again in September, though at a slower rate, suggesting the economy remains on a more moderate growth trajectory compared to the first half of the year,” said Ataman Ozyildirim, senior director of economic research at The Conference Board. “The Delta variant, rising inflation fears and supply chain disruptions are all creating headwinds for the US economy.”

Despite the index’s slower growth in recent months, the strengths among the components remain widespread, according to Ozyildirim. The Conference Board continues to forecast strong growth ahead: 5.7% year over year for 2021 and 3.8% for 2022.

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