Conference Board News Release (06/18/15)
The Conference Board Leading Economic Index for the U.S. increased 0.7% in May to 123.1, following a 0.7% increase in April.
“The U.S. LEI increased sharply again in May, confirming the outlook for more economic expansion in the second half of the year after what looks to be a much weaker first half,” says Ataman Ozyildirim, director, business cycles and growth research, at the Conference Board. “While residential construction and consumer expectations support the more positive outlook, industrial production and new orders in manufacturing are painting a somewhat more mixed picture.”
The Conference Board Coincident Economic Index for the U.S. increased 0.1% in May to 112.1, following a 0.2% increase in April. The Conference Board Lagging Economic Index for the U.S. increased 0.2% in May to 117.0, following a 0.2% increase in April.