U.S. LEI increased in September

September Leading Indicators: +0.7% to 107.2 vs. +0.6% consensus and +1.4% prior (revised from +1.2%).

Coincident Economic Index +0.2% to 101.7.

Lagging Economic Index -0.1% to 107.6.

Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board: “The US economy is projected to expand in Q4, but at a substantially slower rate of 1.5 percent (annual rate) according to The Conference Board’s GDP forecast. Furthermore, downside risks to the recovery may be increasing amid rising new cases of COVID-19 and continued labor market weakness.”