Leading Economic Indicators Rise in March
Washington, DC, April 19, 2012 -– The Conference Board reported that its index of leading economic indicators increased 0.3% in March.
"Despite relatively weak data on jobs, home building and output in the past month or two, the indicators signal continued economic momentum," said Ken Goldstein, economist at the Conference Board.
Economists had forecast an increase of 0.2% in March after an unrevised 0.7% gain in February.
Among the 10 indicators that make up the LEI, seven made positive contributions in March.