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US economy 'slow' with 'no forward momentum': The Conference Board

22-Oct-2010 9:10 AM

US' Leading Economic Index (LEI) increased (21-Oct-2010) 0.3% in Sep-2010 to 110.4 (2004 = 100) following a 0.1% increase in Aug-2010 and a 0.2% increase in Jul-2010 according to The Conference Board. The Coincident Economic Index (CEI) was unchanged in Sep-2010 remaining at 101.4 (2004 = 100) following no change in Aug-2010 and a 0.1% increase in Jul-2010. The Conference Board Lagging Economic Index (LAG) increased 0.4% in Sep-2010 to 108.4 (2004 = 100) following a 0.1% increase in Aug-2010 and a 0.4 percent increase in Jul-2010. [more]

The Conference Board: “The LEI remains on a general upward trend, but it is growing at its slowest pace since the middle of 2009. There isn’t any indication of a relapse into another downturn through the end of the year,”  Ataman Ozyildirim, economist. Source: Company Statement, 21-Oct-2010.

The Conference Board: “More than a year after the recession officially ended, the economy is slow and has no forward momentum. The LEI suggests little change in economic conditions through the holidays or the early months of 2011,” Ken Goldstein, economist. Source: Company Statement, 21-Oct-2010.