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The Conference Board reported its U.S. leading index of economic indicators rose 0.1% in April to 102.0. Based on revised data, the index increased 0.1% in March and fell 0.3% in February.
Six of the 10 leading indicators that make up the leading index increased in April. They were stock prices, interest rate spread, building permits, average weekly initial claims for unemployment insurance (inverted), index of supplier deliveries, and manufacturers' new orders for consumer goods and materials. The negative contributors were the index of consumer expectations, average weekly manufacturing hours, and manufacturers' new orders for nondefense capital goods. Real money supply held steady.