The Conference Board Leading Economic Index for the U.S. increased 0.6 percent in April to 123.9 (2010 = 100), following a no change in March, and a 0.1 percent increase in February.

“The U.S. LEI picked up sharply in April, with all components except consumer expectations contributing to the rebound from an essentially flat first quarter,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “Despite a slow start in 2016, labor market and financial indicators, and housing permits all point to a moderate growth trend continuing in 2016.”

The Coincident Economic Index increased 0.3 percent in April to 113.6 (2010 = 100), following no change in March, and a 0.2 percent increase in February.

The Lagging Economic Index increased 0.3 percent in April to 121.5 (2010 = 100), following a 0.5 percent increase in March, and a 0.4 percent increase in February.