The broad improvement of the Leading Economic Index and the stabilization of the Coincident Economic Index suggest that the recession that began in the U.S. in December 2007 will likely ease in the near term, according to the latest report from The Conference Board.
The LEI increased sharply for the second consecutive month in May, increasing 1.2%. Seven of the ten indicators that make up the LEI posted increases. The index rose 1.2% (a 2.4% annual rate) between November 2008 and May 2009, the first time the index has increased over a six-month period since July 2007. The LEI currently stands at 100.2 (2004=100).
The CEI continued to decrease in May, falling 0.2% amid further declines in industrial production and employment. However, two of the four indicators showed improvement. …
