Leading Economic Indicators Point To Strong Growth Into 2019

The index of leading economic indicators is pointing to strong growth going into 2019. The September index rose an as-expected and very solid 0.5 percent vs 0.4 percent and 0.7 percent gains in the prior two months. Despite the strength, the report is warning that the nation's growth may be contained by capacity constraints and increasingly tight labor markets.

The strongest positives in September were consumer expectations and ISM new orders with manufacturing hours and building permits the only negatives of the report's 10 components.