Measure of leading economic indicators rises for third straight month
The Conference Board's Leading Economic Index rose for the third straight month in January, the group reported today.
The Conference Board is a research firm that provides data to businesses about management and the markets. Each month it compiles an index of leading economic indicators that includes data such as interest rate spread, supplier deliveries, the manufacturing workweek, real money supply, unemployment claims and building permits.
The index rose 0.3 percent in January, following a 1.2 percent gain in December and a 1.1 percent rise in November.
“The cumulative change in the U.S. LEI over the past six months has been a strong 9.8 percent, annualized," said Ken Goldstein, Conference Board economist. "This signals continued economic recovery at least through the spring.”
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February 18, 2010; 12:25 PM ET
Categories: The Ticker | Tags: Conference Board, leading economic indicators
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