USA: leading indicators in September

(CercleFinance.com) - The composite index of leading indicators, calculated by the Conference Board to forecast the evolution of the US economy in the months ahead, fell by 0.
5% for the month of September, whereas the consensus was for a more modest decline.

The employers' organization points out that over the six-month period from March to September 2024, the index thus fell by 2.6%, a sharper decline than the 2.2% observed over the previous six-month period.

In addition to the weakness of new industrial orders, the Conference Board points to the continued inverted yield curve, the decline in building permits and consumer pessimism about future business conditions.

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