Composite Index of Leading Economic Indicators decline in Oct
22 Nov '07
1 min read
The Conference Board reports that the Composite Index of Leading Economic Indicators declined 0.5 percent in October, following a 0.1 percent increase in September, and a 0.9 percent decline in August.
Says Ken Goldstein, Labor Economist at The Conference Board: “The data are pointing to a continued slow economy. It might even slow a little more after the holidays. Business confidence could edge lower, with unrelenting concerns about price increases not keeping up with wage pressures.
At the same time, consumers worry about wages not keeping up with price increases. Clearly, where the economy is headed in the early months of 2008 is heavily dependent on perceptions about price.”
The Conference Board reports that the Coincident Index was unchanged in October, following a 0.2 percent increase in September, and a 0.2 percent increase in August.
The Lagging Index increased 0.3 percent in October, following a 0.4 percent increase in September, and a 0.3 percent increase in August.
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