The 2020 Mid-Year Economic Update_long

The Conference Board Leading Economic Index for U.S. Up 0.6% in February

Index at highest level in more than a decade.

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.6 percent in February to 126.2, following a 0.6 percent increase in January and a 0.6 percent increase in December.

“After six consecutive monthly gains, the U.S. LEI is at its highest level in over a decade. Widespread gains across a majority of the leading indicators points to an improving economic outlook for 2017, although GDP growth is likely to remain moderate,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “Only housing permits contributed negatively to the LEI in February, reversing gains over the previous two months.”

The Coincident Economic Index for the U.S. increased 0.3 percent in February to 114.9, following a 0.1 percent increase in January and a 0.4 percent increase in December.

The Lagging Economic Index for the U.S. increased 0.2 percent in February to 123.5, following a 0.2 percent increase in January and a 0.3 percent increase in December. 

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