New York, NY, United States (4E) – The Conference Board on Monday released a report that showed continued improvement in the U.S. economy for the month of March, with the leading economic index expanding slightly more than projected.
The Conference Board’s leading economic index climbed by 0.8 percent in March compared with a gain of 0.5 percent in February. The increase surpassed economist forecast for a rise of 0.7 percent.
The continued rise in the leading economic index is a reflection of positive contributions from six of the ten indicators that compose the measure.
Monday’s report also showed a 0.2 percent increase in the coincident economic index in March after expanding 0.4 percent in the prior month. Each of the four indicators that comprise the coincident economic index climbed in March.
The lagging economic index also edged higher by 0.6 percent in March after rising by 0.3 percent in February.
A higher lagging index partly reflected the positive contributions from outstanding commercial and industrial loans, the change in consumer price index (CPI) for services and the average duration of unemployment.