Conference Board Leading Economic Index for U.S. increased 0.3%

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.3 percent in August to 110.2 (2004 = 100), following a 0.1 percent increase in July, and a 0.2 percent decline in June. The report was issued on September 23. 

Says Ken Goldstein, economist at The Conference Board: "While the recession officially ended in June 2009, the recent pace of growth has been disappointingly slow, fueling concern that the economic recovery could fade and the U.S. could slide back into recession. However, latest data from the U.S. LEI suggest little change in economic conditions over the next few months. Expect more of the same – a weak economy with little forward momentum through 2010 and early 2011."

Says Ataman Ozyildirim, economist at The Conference Board: "The U.S. LEI, which began rising three months before the end of the recession, remains on a general upward trend. However, the pace has been slowing. Correspondingly, current economic conditions, as measured by The Conference Board CEI, have been essentially flat since May, after reaching a bottom in June 2009. Taken together, the composite indexes are consistent with a slowly expanding economy in the near term."

The Conference Board Coincident Economic Index (CEI) for the U.S. was unchanged in August, remaining at 101.3 (2004 = 100), following a 0.1 percent increase in July, and no change in June. The Conference Board Lagging Economic Index (LAG) increased 0.2 percent in August to 108.1 (2004 = 100), following a 0.4 percent increase in July, and a 0.1 percent increase in June.