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Intensity of US economic recovery "to depend on how much demand picks up" - The Conference Board

23-Oct-2009 8:34 AM

US Leading Economic Index increased 1.0% in Sep-2009, following a 0.4% gain in Aug-2009, and a 1.0% rise in Jul-2009, according to The Conference Board.

The Conference Board: "With the sixth consecutive increase, the LEI's six-month growth rate has improved to its highest pace since 1983. Except for average workweek and building permits, all the leading indicators contributed positively to the index this month. At the same time, the contraction in the coincident economic index has halted in recent months, but the continued downtrend in employment is keeping this index of current economic conditions from rising faster", Ataman Ozyildirim, Economist. Source: The Conference Board, 22-Oct-2009.

The Conference Board: "The LEI has risen for six consecutive months and the coincident economic index has increased in two of the last three months. These numbers strongly suggest that a recovery is developing. However, the intensity of that recovery will depend on how much, and how soon, demand picks up", Ken Goldstein, Economist. Source: The Conference Board, 22-Oct-2009.