Index of Leading Indicators Rises 0.1% in September

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he Conference Board said Thursday its index of leading economic indicators rose 0.1% in September after falling 0.2% a month earlier.

The 0.1% rise was less than the 0.3% increase predicted by economists, Bloomberg reported.

The LEI is closely watched by trucking companies because it forecasts business activity for the next three to six months.



The board said the report suggests a sagging housing market has taken a toll on the rest of the economy and may threaten growth.

The index of coincident indicators, which gauges current economic activity, was unchanged in September after gaining 0.2% in August. The index of lagging indicators rose 0.2% for a second month.