U.S. Leading Economic Index Continues Slow Climb
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February 17 The Conference Board
Leading Economic Index (LEI) for the U.S. increased 0.1% in January, following a revised 0.8% increase in December and a 1.1% jump in December, The Conference Board reported today.
The LEI has gained 3% in the last six months, suggesting "continued expansion," said Ken Goldstein, economist at The Conference Board. "The economy gained some momentum this fall and the latest data suggest that trend will continue," he added.
The U.S. Coincident Economic Index (CEI) also rose 0.1% in January, on the heels of a 0.3% rise in December and 0.2% in November.
The Board's Lagging Economic Index fell 0.1% during January, following a gain of 0.2% in December and a 0.3% decline in November.
Says Ataman Ozyildirim, economist at The Conference Board, "The LEI remains on a rising trend, with its growth rate picking up in recent months. However, current economic conditions, as measured by the coincident economic index, while improving slowly, remain weak."
Read The Conference Board news release.