The composite index of Leading Economic Indicators was down 0.2% in August following a revised 0.5% gain in July, the Conference Board reported Thursday.
The July rise was first reported as 0.4%.
The coincident index gained 0.1% in August after a revised 0.3% rise in July, first reported as a 0.4% increase, while the lagging index gained 0.2% after a revised 0.2% rise in July, first reported as a 0.1% gain.
The LEI stands at 124.1, the coincident index is at 114.1 and the lagging index is at 122.1 The LEI has a baseline of 100, which reflects the level in 2010.
"While the U.S. LEI declined in August, its trend still points to moderate economic growth in the months ahead," said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. "Although strengths and weaknesses among the leading indicators are roughly balanced, positive contributions from the financial indicators were more than offset by weakening of nonfinancial indicators, such as leading indicators of labor markets, suggesting some risks to growth persist."
Economists polled by Thomson Reuters predicted LEI would be unchanged in the month.
