The composite index of leading economic indicators grew 0.3% in September, the Conference Board reported Thursday.
The LEI was revised to a 0.1% increase in August, originally reported as a 0.3% gain.
The coincident index was flat in September, while the lagging index rose 0.4% from a revised 0.1% increase in August, which was originally reported as a 0.2% gain.
Economists predicted the LEI would expand 0.3% in the month.
“More than a year after the recession officially ended, the economy is slow and has no forward momentum,” said board economist Ken Goldstein. “The LEI suggests little change in economic conditions through the holidays.”
