Leading Indicators Rise Again in October

New York, NY, Nov. 18, 2010 -- The Conference Board Leading Economic Index increased 0.5% in October to 111.3 following a 0.5% increase in September, and a 0.1% increase in August.    

“The LEI remains on an upward trend, suggesting the modest economic expansion will continue in the near term," said Ataman Ozyildirim, economist at The Conference Board.

"The LEI’s growth has been slowing this year, but gains in the financial components helped its pickup in October.”

Ken Goldstein, another economist at The Conference Board, said the latest data suggest that change may be around the corner and there should be a mild pickup this spring.”