For the first time in 18 months, strengths among the components used to establish the Leading Economic Index exceeded the weaknesses, according to a report from The Conference Board. At the same time, the Coincident Economic Index and the Lagging Economic Index each fell slightly.
Seven of the ten indicators used for the LEI in the U.S. increased in April, led by increases in stock prices and interest rate spread. The LEI rose 1% to 99.0 in April, the first increase in seven months. For the six months ending in April, the index has fallen 0.6%.
The Conference Board LEI for the U.S. has been generally falling since the middle of 2007, but the pace of its decline has slowed substantially in recent months. With this month’s sharp and widespread increase, the …
Leading Economic Index Posts First Increase In 7 Months
For the first time in 18 months, strengths among the components used to establish the Leading Economic Index exceeded the weaknesses, according to a report from The Conference Board. At the same time, the Coincident Economic Index and the Lagging Economic Index each fell slightly.
Seven of the ten indicators used for the LEI in the U.S. increased in April, led by increases in stock prices and interest rate spread. The LEI rose 1% to 99.0 in April, the first increase in seven months. For the six months ending in April, the index has fallen 0.6%.
The Conference Board LEI for the U.S. has been generally falling since the middle of 2007, but the pace of its decline has slowed substantially in recent months. With this month’s sharp and widespread increase, the …
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