US Leading index for April 0.3% vs 0.4% estimate

Author: Greg Michalowski | Category: News

In March, gains was 0.3% (was 0.4% originally)

The Conference Board has announced a 0.3% gain in the Leading index. 

According to Ataman Ozildrim, Director of Business Cycles and Growth Research at The Conference Board.

"The recent trend in the U.S. LEI, led by the positive outlook of consumers and financial markets, continues to point to a growing economy, perhaps even a cyclical pickup.  First quarter's weak GDP growth is likely a temporary hiccup as the economy returns to its long-term trend of about 2 percent. While the majority of leading indicators have been contributing positively in recent months, housing permits followed by average workweek in manufacturing have been the sources of weakness among the U.S. LEI components."

The Conference Board Coincident Economic Index increased 0.3 percent in April following a 0.3 percent increase in March, and a 0.1 percent increase in February.

The Conference Board Lagging Economic Index for the U.S. increased 0.3 percent in April following a 0.1 percent increase in March and a 0.2 percent increase in February.

Is 2% good enough for the market?  The dollar is little changed after the data.