Thursday, September 20, 2018
Leading Economic Indicators Post Solid Advance
Led by a surge in ISM manufacturing orders, the index of leading
economic indicators posted a solid 0.4 percent advance in August. The
report's credit measure and interest-rate measure were both strong
contributors as were consumer expectations and stock prices. Building
permits were a prominent weakness to underscore the flat results of this
morning's existing home sales report. But housing aside, the LEI is
pointing to a healthy finish for the 2018 economy.
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