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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Leading Index MoM climbed to 0.0% in September 2026
FMPMonthlyReleased October 2026
US Leading Index MoM climbed to 0.0% in September 2026, released October 2026, up 0.1% from August's -0.1% reading. The print exceeded the -0.1% consensus by 0.1%. The print is running well above the 12-month average of -0.17%. Over the past 3 months, Leading Index MoM averaged 0.05%, vs -0.15% in the prior 3-month window. The reading is in the 81st percentile of the trailing 24-month range.
Latest Release
0
Actual
-0.1
Consensus
-0.1
Previous
Median Absolute Error
±0.11 percentage points
across last 12 releases
Last Call
Oct 2026
Predicted: -0.13
Actual: 0
Error: -0.13
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.65 | FOREX | Moves with | → View |
| AAPL | ▼ Inverse | −0.59 | STOCKS | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.56 | FOREX | Moves against | → View |
| MSFT | ▼ Inverse | −0.49 | STOCKS | Moves against | → View |
| USD/CAD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Leading Index MoM (United States) was reported at 0% in October 2026. This beat the market consensus of -0.1% by 0.1%. The reading rose from the previous value of -0.1%. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged -0.06%, ranging from -0.3% to 0.2% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 0.03%, up from the prior three at 0%. Volatility over the past year (σ 0.16%) is lower than the prior year (σ 0.29%).
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with AAPL, negatively correlated (Bearish AAPL). Over the last 12 releases, the Sigmacast model's median absolute error is 0.11%.
WHAT TO WATCH NEXT
The next release is scheduled for November 19, 2026. Same-country events in the next 14 days include Initial Jobless Claims (Oct 29) and GDP Price Index QoQ (Oct 29).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Leading Index MoM - US
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About Leading Index MoM — United States
DEFINITION
The Leading Index MoM (Month-over-Month) is a key financial indicator that measures the changes in economic activity and predicts future trends. It is calculated by analyzing a variety of economic data, such as stock prices, consumer confidence, and housing starts, to provide insight into the direction of the economy. This indicator is widely used by investors, businesses, and policymakers to make informed decisions and anticipate potential shifts in the market. A positive change in the Leading Index MoM suggests a growing economy, while a negative change may indicate a potential economic downturn. Overall, the Leading Index MoM is a valuable tool for monitoring and forecasting economic conditions.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 0 %, consensus -0.1 %. Prior reading (Sep 2026): 0 %. Before that (Sep 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish USD, r=0.65) — a useful reference for forex-focused traders.
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Economic Calendar - US Events
| Wednesday, October 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 12:30 | US | Wholesale Inventories MoM | 0.6 | 0.5 | 0.5 | 0.55 | Medium |
| 12:30 | US | Retail Inventories Ex Autos MoM | 0.4 | 0.1 | -0.1 | 0.15 | Medium |
| 12:30 | US | Goods Trade Balance | -134.9 | -132.07 | -130 | -132.45 | High |
| 14:30 | US | EIA Distillate Stocks Change | -1.462 | 1.675 | -0.9 | -1.18 | Low |
| 14:30 | US | EIA Crude Oil Stocks Change | -1.892 | -3.061 | 0 | -0.95 | Medium |
| 14:30 | US | EIA Gasoline Stocks Change | 3.87 | -2.952 | -0.9 | 1.49 | Medium |
| 18:00 | US | Fed Interest Rate Decision | 4 | 4 | 4 | 4.00 | High |
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | US | Initial Jobless Claims | 194 | 199 | 197.50 | High | |
| 12:30 | US | GDP Price Index QoQ | 6.1 | 3.2 | 4.55 | Medium | |
| 12:30 | US | Core PCE Price Index MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index YoY | 3.4 | 3.6 | 3.60 | Medium | |
| 12:30 | US | Personal Income MoM | 0.2 | 0.3 | 0.25 | High | |
| 12:30 | US | PCE Price Index MoM | 0.3 | 0.5 | 0.50 | Medium | |
| 12:30 | US | Core PCE Price Index YoY | 3 | 3.1 | 3.10 | High | |
| 12:30 | US | Jobless Claims 4-Week Average | 197.75 | 197 | 193.38 | High | |
| 12:30 | US | Continuing Jobless Claims | 1728 | 1720 | 1711.00 | High | |
| 12:30 | US | Real Consumer Spending QoQ | 3.8 | 3.9 | 5.30 | Low | |
| 12:30 | US | GDP Sales QoQ | 2.8 | 3.5 | 3.90 | Low | |
| 12:30 | US | Personal Spending MoM | 0.9 | 0.6 | 0.60 | High | |
| 12:30 | US | GDP Growth Rate QoQ | 2.2 | 3.2 | 2.90 | High | |
| 12:30 | US | Core PCE Prices QoQ | 3.3 | 2.4 | 2.35 | Low | |
| 12:30 | US | PCE Prices QoQ | 5 | 3.4 | 3.95 | Low | |
| 14:30 | US | EIA Natural Gas Stocks Change | 77 | 75 | 71.50 | Low | |