Courtesy of Mish.
The index of leading economic indicators rose by 0.4% beating the Econoday Consensus estimate of 0.2%.
“Gains were broad-based in the month led by the ISM new orders index and including, as always, the interest rate spread where short-term rates are unusually low. The LEI has been very solid and continues to point ahead to rising economic strength.”
Useful Chart Showing Significance of LEI
Leading Economic Indicators Rise Again
The Conference Board press Release says the LEI Index Points to Continued Economic Growth Through 2017.
“The March increase and upward trend in the U.S. LEI point to continued economic growth in 2017, with perhaps an acceleration later in the year if consumer spending and investment pick up,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board
The economy will perhaps accelerate if consumer spending and investment pick up.