Analysts forecast no growth in August’s leading indicators index following a modest 0.1 percent rise in July.
The US index of leading economic indicators is expected to show no growth in August, according to analyst projections. The index, comprising 10 forward-looking components such as building permits and factory orders, rose just 0.1 percent in July.
Last month’s marginal increase followed a period of mixed signals in economic data. The leading indicators index is closely watched for signs of future economic activity, though recent prints have suggested subdued momentum.
Markets will monitor the release for clues on the Federal Reserve’s policy trajectory amid ongoing inflation concerns.