U.S. Leading Indicators Rise for Sixth Month in Row

Oct. 22, 2009
Conference Board says numbers suggest a recovery is developing

The forward-looking U.S. index of leading economic indicators rose 1% in September, the Conference Board said on Oct. 22, offering more evidence a recovery is on track.

The gain in the index followed a revised 0.4% increase in August and a 1% jump in July, the business research firm said.

The index, which is based on data such as manufacturing hours worked, stock prices and consumer expectations, offered a positive sign for an economy in recession since December 2007.

"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," said Ken Goldstein, economist at the Conference Board.

Other indexes in the survey were mixed.

The coincident index of current conditions was flat and the the lagging index fell 0.3%.

Copyright Agence France-Presse, 2009

Popular Sponsored Recommendations

Why DataOps may be the key to unlocking the full potential of digital transformation

Nov. 3, 2023
Read the 2023 market survey conducted by IndustryWeek

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Smarter Savings for Manufacturers - Guide

Sept. 11, 2023
Boost your manufacturing sales and revenue while reducing costs. Learn how one platform can help your business be more agile and productive in today's market.

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!