Modest Economic Expansion to Continue Through Early 2016
The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.1 percent in February to 123.2 (2010 = 100), following a 0.2 percent decline in January, and a 0.3 percent decline in December.
"The U.S. LEI increased slightly in February, after back-to-back monthly declines, but housing permits, stock prices, consumer expectations, and new orders remain sources of weakness," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "Although the LEI's six-month growth rate has moderated considerably in recent months, the outlook remains positive with little chance of a downturn in the near-term."
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