The Conference Board Leading Economic Index® (LEI) for the U.S. Increases
Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact email@example.com.
SOURCE The Conference Board
NEW YORK, May 17, 2013 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.6 percent in April to 95.0 (2004 = 100), following a 0.2 percent decline in March, and a 0.4 percent increase in February.
Says Ataman Ozyildirim, economist at The Conference Board: "After a slight decline in March, the U.S. LEI rebounded in April, led by housing permits and the interest rate spread. Labor market conditions also contributed, although consumers' outlook on the economy remains weak. In general, the LEI points to a continuing economic expansion with some upside potential. Meanwhile, the CEI, a measure of current conditions, has returned to a slow growth path, despite declining industrial production in April."
Says Ken Goldstein, economist at The Conference Board: "The index is 3.5 percent higher (annualized) than six months ago, suggesting expansion. However, the biggest risk right now is the adverse impact of cuts in federal spending. The biggest positive factor is the potential for improvement in the recovering housing and labor markets. The biggest unknown is the resiliency in confidence, both consumer and business."
The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.1 percent in April to 105.6 (2004 = 100), following a 0.2 percent increase in March, and a 0.5 percent increase in February.
The Conference Board Lagging Economic Index® (LAG) increased 0.1 percent in April to 118.4 (2004 = 100), following a 0.2 percent increase in March, and no change in February.
Summary Table of Composite Economic Indexes
Oct to Apr
n.a. Not available p Preliminary r Revised Indexes equal 100 in 2004 Source: The Conference Board
About The Conference Board Leading Economic Index® (LEI) for the U.S. The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
The ten components of The Conference Board Leading Economic Index® for the U.S. include:
Average weekly hours, manufacturing Average weekly initial claims for unemployment insurance Manufacturers' new orders, consumer goods and materials ISM Index of New Orders Manufacturers' new orders, nondefense capital goods excluding aircraft orders Building permits, new private housing units Stock prices, 500 common stocks Leading Credit Index™ Interest rate spread, 10-year Treasury bonds less federal funds Average consumer expectations for business conditions
About The Conference Board The Conference Board is a global, independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
Posted By: KLKN Newsroom firstname.lastname@example.org Lincoln police are investigated an early morning attempted robbery that ended up with the victim crashing his car. It happened just before 3 a.m. on Monday nearMore >>
Lincoln police are investigated an early morning attempted robbery that ended up with the victim crashing his car.More >>
Posted by: Newsroom email@example.com Omaha Police Chief Todd Schmaderer says he plans to discuss a police investigation that is exploring links between the slayings of a Creighton University professor andMore >>
The Omaha police chief says he plans to discuss a police investigation that is exploring links.More >>
By: Jenn Schanz firstname.lastname@example.org Keven Skiles has been biking since he can remember. He rides everywhere, sometimes biking the same path three or four times a day. While riding his usual route onMore >>
While riding his usual route on the bike path in front of McDonalds on 56th and Old Cheney road, Keven was clipped by a car that he says, wasn't paying attention after he pulled out too far at a stop sign.More >>
By: Kayla Bremer email@example.com With Memorial weekend just around the corner, gas prices are expected to rise even more. Just 4 cents separate the current cost and Lincoln's all time high, and peopleMore >>
With Memorial weekend just around the corner, gas prices are expected to rise even more.More >>
By: KLKN Newsroom firstname.lastname@example.org The City of Lincoln will swear in three new City Council members at Monday's meeting. Roy Christensen, Trent Fellers and Leirion Gaylor Baird will be sworn in. They'llMore >>
The City of Lincoln will swear in three new City Council members at Monday's meeting.More >>
By: KLKN Newsroom email@example.com Two people are in custody after Jefferson County Deputies find meth in their car. Deputies said it happened on Friday around 3 p.m. in Reynolds. After they cited theMore >>
Two people are in custody after Jefferson County Deputies find meth in their car.More >>
By: KLKN Newsroom firstname.lastname@example.org After nearly 40 years with the Human Resources Department, Nancy Biggs and Sue Wright are retiring from LPS. To celebrate their careers and years of service, a specialMore >>
After nearly 40 years with the Human Resources Department, Nancy Biggs and Sue Wright are retiring from LPS.More >>
By: Jenn Schanz email@example.com "Student loans, any kind of debt, make sure my family is taken care of, and travel." That's what Madeline Hendrix would do if she won the 600 million dollar PowerballMore >>
For the superstitious Powerball jackpot player, number choice, time of day, and even where a ticket is bought are huge factors. More >>