Newspaper article The Florida Times Union

Indicators' Yo-Yo Results Hard to Read

Newspaper article The Florida Times Union

Indicators' Yo-Yo Results Hard to Read

Article excerpt

Byline: MARK BASCH

Indexes of leading economic indicators, both nationally and in the Jacksonville area, showed modest increases in September after dropping in August, giving a muddy outlook for the economy.

The indexes are designed to project economic activity several months in advance, but the trends have been inconsistent recently. The leading indicators for the Jacksonville area compiled by the University of North Florida's Local Economic Indicators Project have risen in four months this year and fallen in five.

"The monthly movements continue to be up and down, making it very difficult to infer what the future climate will be," said UNF economist Paul Mason, who coordinates the LEIP.

The index of leading economic indicators for Jacksonville rose 0.18 points to 108.53 in September, following a 1.21-point drop in August.

The U.S. index of leading indicators compiled by the Conference Board, a New York research group, rose 0.1 percent in September after a 0. …

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