The Conference Board Leading Economic Index (LEI) for the U.S. increased 1% in April, following a 0.2% decline in March and a 0.5% decline in February.
The Conference Board said that the LEI increase in April was the first increase in seven months, and the strengths among its components exceeded the weaknesses for the first time in one and a half years. The LEI for the U.S. has been generally falling since the middle of 2007, the Conference Board said, but the pace of its decline has slowed substantially in recent months. With this month's sharp and widespread increase, the six-month decline in the index is at its slowest since 4Q 2007, the Board said.
to Daily News