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American Leading Indicators Jump 0.6%
The index of U.S. leading economic indicators, which dropped a revised 0.4% in August, unexpectedly climbed 0.6% to 95.9 last month, according to the New York City-based Conference Board.
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The index of U.S. leading economic indicators, which dropped a revised 0.4% in August, unexpectedly climbed 0.6% to 95.9 last month, according to the New York City-based Conference Board.
September's increase the largest month-over-month gain since February was fueled by a surge in housing permits and rising stock prices. The board's gauges of current and lagging conditions rose 0.2% and 0.1%, respectively, last month.
The research group says the index has been signaling an economy that is "fluctuating around a slow growth trend." It adds that weak consumer and business demand remains the biggest challenge to the American economy.
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