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The Conference Board Leading Economic Index (LEI) for theU.S. increased 0.3% in May to 127.0 (2010 = 100), following a 0.2% increase in April, and a 0.4% increase in March.
“The U.S. LEI continued on its upward trend in May, suggesting the economy is likely to remain on, or perhaps even moderately above, its long-term trend of about 2% growth for the remainder of the year,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The improvement was widespread among the majority of the leading indicators except for housing permits, which declined again. And, the average workweek in manufacturing has recently shown no sign of improvement.”
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.1% in May to 115.3 (2010 = 100), following a 0.3% increase in April, and a 0.1% increase in March.
The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.1% in May to 124.2 (2010 = 100), following a 0.3% increase in April and a 0.2% increase in March.
About The Conference Board Leading Economic Index (LEI) for the U.S.
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
