The index of leading economic indicators is pointing increasingly to
slowing ahead for the US economy. Pulled down once again by
manufacturing components, the LEI fell an unexpected 0.1 percent in
September against Econoday's consensus for a 0.2 percent gain.
Underlining the weakness is a 2 tenths downward revision to August to
minus 0.2 percent.
The report said the results reflect
uncertainty in the outlook and falling business expectations. Spreads in
interest rates were another negative for the September LEI with
positives including stock prices and the report's proprietary credit
index.
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