Prospects for U.S. economic growth have brightened, with a broad improvement in leading economic indicators pointing toward a continued expansion, the Conference Board said Thursday.
\n\nThe Conference Board’s Leading Economic Index rose 0.6 percent over the six months ending in September, reversing a 1.1 percent decline in the preceding six months. Eight of the index’s ten components improved during the period, and the indicators showed no warning of an approaching recession.
\n\nThe index was unchanged in September at 99.6, following a 0.1 percent decline in August. An upward revision to July’s figures also lifted the index above its previously reported level.
\n\nThe improvement in the underlying trend suggests the economy is likely to continue expanding in the months ahead, according to the Conference Board. Its recession warning indicators are no longer flashing danger, and eight of the ten components of the leading index have improved over the past six months.
\n\nThe report also included an upward revision to July’s index, with the previously reported 0.2 percent increase revised to a 0.3 percent gain. That lifted the level of the index for August and September above what had been reported previously.
\n\nFive of the ten components contributed positively to the index…
Original source: https://www.breitbart.com/economy/
