A reading on leading U.S. economic indicators increased in line with economist estimates in the month of October, according to a report released by the Conference Board on Thursday.

The Conference Board said its leading economic index climbed by 0.7 percent in October, matching the increase seen in the previous month as well as expectations.

Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board, said the continued advance by the index reflected widespread improvements despite weakness from housing permits and consumers’ outlook on economic conditions.

“However, the leading index has been decelerating in recent months, which suggests growth will moderate significantly in the final months of 2020, slowing down from the unusually rapid pace in Q3,” Ozyildirim said.

He added, “Furthermore, downside risks to growth from a second wave of COVID-19 and high unemployment persist.”

The report said the coincident economic index also increased by 0.5 percent in October after rising by 0.4 percent in September.

Meanwhile, the lagging economic index inched up by 0.1 percent in October following a 0.3 percent drop in the previous month.

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.