 rose modestly in August - EconoTimes)
The Conference Board's leading economic index rose 0.1% m/m in August, in line with our forecast (0.1%) and slightly below consensus expectations (0.2%). In addition, the value of the July index was revised up to unchanged from -0.2% in the initial release.
"The modest rise in the August data occurred as the sharp decline in permits in July largely reversed. The recent decline in equity markets weighed on the index, while the credit index and interest rate spreads contributed positively", says Barclays.
