Economic Buzz: US Leading Economic Index Falls 0.4% In September

21 Oct 2022 , 08:36 AM

Suggesting a recession is increasingly likely before yearend, the Conference Board released a report on Thursday showing a slightly bigger than expected decrease by its index of leading U.S. economic indicators in the month of September. The Conference Board said its leading economic index fell by 0.4 percent in September after revised data showed the index was unchanged in August. The index is down 2.8 percent over the six-month period between March and September 2022, representing a reversal from the 1.4 percent growth over the previous six months. Meanwhile, the report showed the coincident economic index rose by 0.2 percent in September after inching up by 0.1 percent in August. The lagging economic index also increased by 0.6 percent in September after climbing by 0.8 percent in the previous month.Powered by Commodity Insights