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Manufacturing & The Economy

Leading Economic Indicators End Five Month Skid

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.2% in February to 111.5, following no change in January, and a 0.1% decline in December.

“The U.S. LEI increased in February for the first time in five months,” said Ataman Ozyildirim, director of economic research at The Conference Board. “February’s improvement was driven by accommodative financial conditions and a rebound in stock prices, which more than offset weaknesses in the labor market components. Despite the latest results, the U.S. LEI’s growth rate has slowed over the past six months, suggesting that while the economy will continue to expand in the near-term, its pace of growth could decelerate by year end.”

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