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U.S. Leading Economic Index increased 0.2% in February
The Conference Board Leading Economic Index® (LEI)for the U.S. increased 0.2 percent in February to 110.5 (2016 = 100), following a 0.5 percent increase in January and a 0.4 percent increase in December.
“The U.S. LEI continued rising in February, suggesting economic growth should continue well into this year,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “Indeed, the acceleration of the vaccination campaign and a new round of large fiscal supports are not yet fully reflected in the LEI. With those developments, The Conference Board now expects the pace of growth to improve even further this year, with the U.S. economy expanding by 5.5 percent in 2021.”
“Despite widespread improvements among the leading indicators, some measures—including weekly hours in manufacturing, permits for residential housing, and consumers’ outlook for business and economic conditions—showed signs of weakness. Bad weather and assorted supply-chain disruptions may have impacted these particular leading indicators in February, and the effects may prove transitory.”
The Conference Board Coincident Economic Index® (CEI) for the U.S. decreased 0.1 percent in February to 103.0 (2016 = 100), following a 0.2 percent increase in January and a 0.1 percent decrease in December.
The Conference Board Lagging Economic Index® (LAG) for the U.S. increased 0.2 percent in February to 104.5 (2016 = 100), following a 2.3 percent decrease in January and 0.4 percent increase in December.
Posted: March 18, 2021 Thursday 10:00 AM