The Conference Boards’ Leading Indicators Index increased by 0.6% to 102.5 (2004=100), expected to increase by 0.7%, after it had increased by 0.9% in July, revised upward from a reported 0.6% increase. This is the 5th consecutive monthly increase in the index, following a 20 month decrease since the July 2007 peak, with a trend reversal in the current upswing which began in April. The Coincident Indicators was unchanged in August and stands at 99.8 (2004=100), following an increase of 0.1% in July. The Lagging Indicators decreased by 0.1% to 110.2 (2004=100). The leading indicators advancing and the coincident indicators ceasing to decline in the recent month insinuate a bottoming out.
Upcoming Economic Releases
FOMC Policy Statement (09/23 at 2:15 PM EST)
Initial Claims (09/24 at 8:30 AM EST)
Existing Home Sales (09/24 at 10:00 AM EST)
