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The stagnant index of leading indicators sent a mixed signal.
We look at a number of leading indicators that power spending growth.
The Conference Board uses previously reported economic statistics to compile its index of leading indicators.
The forecast, The Conference Board's index of leading indicators, rose 0.6percentt in August.
It was founded by Geoffrey Moore, an economist who helped invent the idea of leading indicators.
And the index of leading indicators declined 0.2percentt in October, the seventh consecutive month that it has not risen.
The index of leading indicators is a barometer of economic activity in the next three to six months.
The Conference Board reported that its index of leading indicators notched a ninth straight monthly gain in December.
[C7] The Conference Board's index of leading indicators rose 0.4percentt in May after a 0.3percentt drop in April.
The Conference Board's index of leading indicators rose more than the median forecast of a 0.2percentt gain.
The Conference Board said its index of leading indicators fell 0.1 percent in August.
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