The U.S. leading index, a key indicator of economic conditions, fell sharply in October after a small increase in September.

According to the Conference Board, the leading index decreased 0.5 percent last month and now stands at 136.9, with only three of the 10 leading indicators that make up the index increasing.

Most of the leading indicators contributed negatively to the index in October, led by large declines in housing permits, initial claims for unemployment insurance and index of consumer expectations. Stock prices, real money supply and manufacturers’ new orders for consumer goods and materials were the only components that contributed positively to the index this month.

Based on revised data, the index increased 0.1 percent in September and decreased 0.9 percent in August. During the six-month span through October, the leading index decreased 0.5 percent, with five out of 10 components advancing.

The coincident index, which indicates the current state of the economy, was unchanged in October for the first time in 2007 following steady increases since the beginning of the year. The index now stands at 125.1, after increasing 0.2 percent in September and 0.2 percent in August.

During the six-month period through October, the coincident index increased 0.9 percent.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription