U.S. Leading Economic Indicators Sag in April
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May 19 The Conference Board
Leading Economic Index (LEI) for the U.S. sagged somewhat in April for the first time in more than six months, reported The Conference Board today.
The U.S. LEI dropped 0.3% in April to 114, following a gain of 0.7% in March and a 0.9% increase in February. For the period October 2010 through April 2011, the Index is up 3.5%
"The U.S. LEI has been rising since March 2009, with only a brief one-month interruption in June 2010, and now, in April 2011," said Ataman Ozyildirim, economist at The Conference Board. "The U.S. CEI, [Coincident Economic Index] a monthly measure of current economic conditions, continued to increase, supported by improving employment figures. Overall, the composite indexes still point to strengthening business conditions in the near term, although the path may be uneven."
Read the complete Conference Board news release.