Conference Board announces increase in U.S. leading indicators
Tina Grady Barbaccia | June 30, 2011
The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.8 percent in May to 114.7 (2004 = 100), following a 0.4 percent decline in April, and a 0.7 percent increase in March. The largest contributions came from the interest rate spread, consumer expectations, and housing permits.
The Coincident Economic Index, a monthly measure of current economic conditions, continued to increase slowly but steadily. Overall, despite short-term volatility, the composite indexes still point to expanding economic activity in the coming months.”
“Modest economic growth is being buffeted by some strong headwinds, including high gas and food prices and a soft housing market,” said Ken Goldstein, economist at The Conference Board. The economy will likely continue to grow through the summer and fall, however it will be choppy.”
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.1 percent in May to 102.9 (2004 = 100), following a 0.1 percent increase in April, and a 0.2 percent increase in March.
Source: The Conference Board
MORE FROM eRoadPro Newsletter
- Road worker crushed and killed by concrete lane barrier254 Views
- Cincinnati bridge collapse kills construction worker, injures truck driver251 Views
- Obama calls for 'bipartisan infrastructure plan,' doesn't mention gas tax increase126 Views
- VP Biden announces new steps to Build America Investment Initiative120 Views
- Michigan Senate votes to raise gas tax96 Views