Leading Economic Indicators Forecasts “Gradual Improvement” Ahead
The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.3 percent in March to 95.7, following a 0.7 percent increase in February, and a 0.2 percent increase in January.
“The LEI increased for the sixth consecutive month, pointing to a more positive outlook despite subdued consumer expectations and weakness in manufacturing new orders. Moreover, the six-month growth rate of the LEI continues to improve. The CEI, a measure of current economic conditions, has also increased in five of the last six months, with broad based gains in all components,” says Ataman Ozyildirim, a Conference Board economist.
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