VOLUME 222: WEEK ENDING OCTOBER 25 2024

The leading indicators for the U.S. economy declined by 0.5% in September, primarily due to challenges in key sectors such as housing and manufacturing. However, this dip doesn’t point to any significant economic risks. Five of the ten indicators surveyed showed positive movement, four declined, and one remained stable.

This index, designed to signal whether economic conditions are improving or deteriorating, has shown an unusual pattern since 2022. Despite nearly consistent declines in the index each month, the economy has continued to expand.

Currently, economic growth is above average, with no signs of slowing down. With the Federal Reserve reducing interest rates, growth may even pick up in the months ahead.

Source: MarketWatch