February 2019 Leading Economic Index
Submitted by Atlas Indicators Investment Advisors on March 29th, 2019
Our economy is likely to move along at about the current pace for the next few quarters according to the Conference Board’s Leading Economic Index (LEI). Their December 2018 release edged down 0.1 percent after rising 0.2 percent in November. Versus a year ago, this index is up 2.1 percent.
Economic strength appears to have room to run according to the Conference Board’s July 2018 release of their Leading Economic Index (LEI). This forward-looking indicator rose 0.6 percent in the period after rising 0.5 percent in June. Recent strength bodes well for America’s economy in the second half of this year.
Economic growth is poised to continue according to the Conference Board’s latest release on the Leading Economic Index (LEI). Their 10-component indicator increased 0.4 percent in April 2018 to 109.4. This healthy uptick is on the heels of two other strong increases in February and March of 0.7 percent and 0.4 percent respectively.
Economic output should continue moving higher for the foreseeable future according to data from the Conference Board. Their Leading Economic Index (LEI) increased for the fifth consecutive month in February 2018. Contributions to the uptick were widespread; only building permits and stock prices were lower in the period.
More growth is the message from the latest release of the Conference Board’s Leading Economic Index (LEI). In fact, the December 2017 iteration suggests an acceleration of economic output as the LEI increased to 0.6 percent from the upwardly revised tally of 0.5 percent (originally 0.4 percent). The recent strength in this indicator bodes well for the first half of 2018.
America’s output is poised to continue advancing according to the latest data from the Conference Board’s Leading Economic Index (LEI). After a few months of volatility (mostly hurricane-related), this forward-looking indicator settled into a decent pace of growth, 0.4 percent in November 2017. A majority of the components were positive in the period.