"LEI was boosted by a one-time jump in M2, which was clearly visible in the Fed's data. This alone contributed 0.45% to the monthly gain, accounting for almost all the difference between the consensus and the outturn. The drop in building permits, rising jobless claims and falling stock prices were offset by the rebound in consumers' sentiment, the yield curve and ISM delivery times. But the trend is still downwards, and October's index will plunge."