The Conference Board Leading Economic Index for the U.S. increased 0.3 percent in March to 95.7 (2004 = 100), following a 0.7 percent increase in February, and a 0.2 percent increase in January.
Says Ataman Ozyildirim, economist at The Conference Board: "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 Ken Goldstein, economist at The Conference Board: "Despite relatively weak data on jobs, home building and output in the past month or two, the indicators signal continued economic momentum. We expect a gradual improvement in growth past the summer months."
The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.2 percent in March to 104.2 (2004 = 100), following a 0.2 percent increase in February, and a 0.1 percent increase in January.
The Conference Board Lagging Economic Index® (LAG) increased 0.3 percent in March to 114.4 (2004 = 100), following a 0.1 percent increase in February, and a 0.6 percent increase in January.