Index rebounds 0.2% in September after declining in August
WASHINGTON (MarketWatch) -- The U.S. is growing at a moderate pace and is likely to do into early next year, according to an index that measures the nation's economic health.
The increase in September, along "with the pickup in the six-month growth rate, suggests that the economy should continue expanding at a moderate pace through early 2017," said Ataman Ozyildirim, director of business cycle research at the board.
The LEI is a weighted gauge of 10 indicators designed to signal business-cycle peaks and valleys. Five of the 10 components expanded in September.
A measure of current conditions increased 0.2%. A "lagging" index also rose 0.2%.
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