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May 19, 2008 - Forex Economic News
US Leading Indicators bump up in April.
The U.S. Leading Indicators Index published by the Conference Board today showed an increase in April. The Leading Indicator Index, which measures future economic activity, registered a 0.1 percent increase in April following an increase of 0.1 percent in March and a 0.3 percent decrease in February. February marked the fifth consecutive month of decline which had last happened in 2001. Housing permits, interest rate spread and stock prices were all positive sectors impacting the leading index. Falling consumer expectations and a drop in average weekly hours negatively contributed to the leading index. The coincident index, which is viewed as a measure of the current economic activity, was unchanged in April. The 0.1 percent increase in April surpassed market forecasts which were expecting no change for the month.
Tags: leading indicators, conference board, us economy
