By Xavier Fontdegloria
An economic index that measures U.S. business cycles increased in September, although it suggested that economic growth eased compared with the prior month, according to data from the Conference Board released Thursday.
The Leading Economic index rose 0.2% to 117.5 in September compared with August. The 0.2% increase is below expectations from economists polled by The Wall Street Journal, who forecast a 0.4% rise.
In August, the index increased by 0.8% on the month compared with a previously estimated 0.9% rise.
The index suggests that the U.S. economy remains on a more moderate growth trajectory compared with the first half of the year, Conference Board Senior Director of Economic Research Ataman Ozyildirim said.
“The Delta variant, rising inflation fears, and supply-chain disruptions are all creating headwinds for the U.S. economy,” he said.
The Conference Board Leading Economic…