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US leading index points to short-term growth

March 19, 2015

The Conference Board’s US leading economic index rose 0.2% in February to a reading of 121.4 (2010 = 100), following a 0.2% increase in January and a 0.4% increase in December.

“Widespread gains among the leading indicators continue to point to short-term growth,” said Ataman Ozyildirim, economist at The Conference Board. “However, easing in the LEI’s six-month change suggests that we may be entering a period of more moderate expansion. With the February increase, the LEI remains in growth territory, but weakness in the industrial sector and business investment is holding economic growth back, despite improvements in labor markets and consumer confidence.”