Research >> Economics
U.S. Leading Economic Index increased 0.3%
|
The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.3 percent in May to 95.8 (2004 = 100), following a 0.1 percent decline in April, and a 0.2 percent increase in March.
The LEI rose in May, reversing the slight decline in April. Weakness in the average workweek in manufacturing, stock prices and consumer expectations kept the LEI from rising further. Its six-month growth rate remains in expansionary territory and well above its growth at the end of 2011, pointing to a relatively low risk of a downturn in the second half of 2012.
Economic data in general reflect a U.S. economy that is growing modestly, neither losing nor gaining momentum. The result is more of a muddle through. Continued headwinds, both domestic and foreign, make further strengthening of the economy difficult.
The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.2 percent in May to 104.3 (2004 = 100), following a 0.2 percent increase in April, and no change in March.
The Conference Board Lagging Economic Index® (LAG) increased 0.3 percent in May to 115.2 (2004 = 100), following a 0.6 percent increase in April, and a 0.3 percent increase in March.
Posted: June 21, 2012 Thursday 10:00 AM