Leading Economic Index Rebounds After The Hurricanes

The Conference Board said the U.S. leading index increased 0.9 percent, the coincident index increased 0.1 percent, and the lagging index increased 0.8 percent in October. The leading index increased sharply in October offsetting the large decrease in September, which partly reflects the economic impact of the hurricanes which hit the Gulf region in late August and September. In addition, October’s increase was widespread among the leading indicators.

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