On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1230 AM Sioux Falls, SD 98.1 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
60° Feels Like: 60°
Wind: W 23 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy/Wind 49°

Tomorrow

Few Showers 70°

Sun Night

Clouds Early/Clearing Late 47°

Alerts

U.S. leading economic indicator up 0.7 percent in August, beats forecast

WASHINGTON (Reuters) - An index of U.S. leading indicators advanced by more than expected in August as the economy shrugged off higher borrowing costs and the lingering impact of tax increases and Washington budget cuts, that posed a headwind for U.S. growth and hiring.

The private sector Conference Board said on Thursday that its Leading Economic Index (LEI) gained 0.7 percent to 96.6 last month, compared to a 0.5 percent rise in July.

"If the LEI's six-month growth rate, which has nearly doubled, continues in the coming months, economic growth should gradually strengthen through the end of the year," said Conference Board economist Ataman Ozyildirim in a statement.

Economists polled by Reuters had forecast the index to rise 0.6 percent in August. The Conference Board revised its July reading down slightly from a previously reported 0.6 percent increase.

(Reporting By Alister Bull; Editing by Theodore d'Afflisio)

Comments