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The Conference Board LEI for US increases in Mar-2010; slow recovery expected to continue

20-Apr-2010 9:36 AM

US Leading Economic Index (LEI) increased (19-Apr-2010) 1.4% in Mar-2010, following a 0.4% gain in Feb-2010 and a 0.6% rise in Jan-2010, according to The Conference Board. [more]

The Conference Board: "The US LEI has risen steadily for a year, and its six-month growth rate has remained fairly stable in recent months — led by improvements in financial and labor market indicators. Payroll employment made its first substantial contribution to the coincident economic index, suggesting a recovery that is beginning to gain traction," Ataman Ozyildirim, economist. Source: Company Statement, 19-Apr-2010.

The Conference Board: "The indicators point to a slow recovery that should continue over the next few months. The leading, coincident and lagging series are rising. Strength of demand remains the big question going forward. Improvement in employment and income will be the key factors in whether consumers push the recovery on a stronger path," Ken Goldstein, economist. Source: Company Statement, 19-Apr-2010.