By Robert Hughes
AIER's Leading Indicators index held steady in October, remaining slightly above neutral. Slow growth continues as the economy remains vulnerable.
AIER's Business Cycle Conditions Leading Indicators index was unchanged in October, staying slightly above neutral at 54. The Roughly Coincident Indicators index rose to 92, while the Lagging Indicators index remained unchanged at 67 for the third consecutive month (see chart).
Third-quarter real gross domestic product rose at a modest 1.9 percent rate, slightly below the 2.0 percent pace of the second quarter. Over the last four quarters, real gross domestic