You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Measure of future economic activity up 0.6 percent

The Conference Board’s index of leading indicators rebounded in September.

Scott Olson/Getty Images

The Conference Board’s index of leading indicators rebounded in September.

WASHINGTON — A measure of US economic activity designed to give signals about the future posted a solid gain in September, rebounding after a dip in August. The index is still signaling weak growth, however.

The Conference Board said Thursday that its index of leading indicators rose 0.6 percent in September after falling 0.4 percent in August and rising 0.4 percent in July. The previous months were revised down slightly.

Continue reading below

The strength in September came from a big jump in applications for building permits, which the government reported Wednesday had climbed to a four-year high that month.

Other areas of strength came from low interest rates and rising stock prices. In all, six of the 10 indicators that make up the index showed strength.

Major areas of weakness were a decline in the Institute for Supply Management’s new orders index and in consumer confidence.

The overall economy grew at an annual rate of just 1.3 percent in the July-September quarter and many analysts believe growth in the second half of this year will continue to muddle along at an annual rate of between 1.5 percent and 2 percent.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of