Leading Indicators Jump 0.9% In October

The leading economic index jumped 0.9% in October, the Conference Board said Thursday, after a gain of 0.7% in September and a flat reading in August. "The upward trend in the LEI points to continued economic growth through the holiday season and into early 2015," said Ken Goldstein, Economist at The Conference Board. "This is consistent with our outlook for relatively good, but not great, consumer demand over the near term. Going forward, there are continued concerns about slow business investment and lackluster income growth." The leading economic index is a weighted reading of 10 different indicators.