The Conference Board Leading Economic Index rose 0.3% in August, following a 0.6% gain in July and a 0.3% increase in June.

“The August increase in the U.S. LEI was driven by components measuring financial and monetary conditions, which offset substantially weaker components measuring expectations,” said Ataman Ozyildiri, an economist with The Conference Board. “The growth trend in the LEI has moderated, and positive and negative contributors to the index have been roughly balanced. The leading indicators point to rising risks and volatility—and increasing concerns about the health of the expansion.”

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