On the other hand, the coincident index, a measure of current economic activity, decreased in September. September's decline in the coincident index is also partly due to the effect of the hurricanes as employment and industrial production registered decreases. The negative contributors to the index beginning with the largest negative contributor were industrial production and employees on nonagricultural payrolls (The Conference Board). Moreover, almost 58 percent of U.S.-based industrial manufacturers are not planning major new investments in next 12 months. Moreover, 57 percent of U.S.-based industrial manufacturers are not planning to add workers next 12 months, based on PricewaterhouseCoopers' survey.
Therefore, a representative fact of the unclear stage of the economy, at this point, is that the U.S. leading index decreased 0.7 percent, the... [continues]
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