Leading Economic Indicators Index in U.S. Rose 0.7% in August

The Conference Board’s index of leading economic indicators increased 0.7 percent in August, the New York-based group said today.

The median forecast in a Bloomberg survey of economists called for a 0.6 percent advance. Estimates of 44 economists ranged from increases of 0.2 percent to 0.8 percent.

Another report today showed jobless claims in the U.S. rose less than forecast last week as two states began working through a backlog of applications that were caused by computer-system changeovers.

Applications for unemployment benefits climbed by 15,000 to 309,000 in the week ended Sept. 14 from a revised 294,000 in the prior period, a Labor Department report showed in Washington. The median forecast of 53 economists surveyed by Bloomberg called for an increase to 330,000.

To contact the reporter on this story: Lorraine Woellert at Jsmialek1@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.