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Leading indicators point to moderate U.S. growth

MARKETWATCH 10:12 AM ET 10/20/2016

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 leading economic index rose 0.2% in September, a reversal of the 0.2% decline in August, the Conference Board said Thursday (https://www.conference-board.org/data/bcicountry.cfm?cid=1).

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%.

-Jeffry Bartash; 415-439-6400; [e-mail]


(END) Dow Jones Newswires
10-20-161012ET
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