The Conference Board Leading Economic Index (LEI) for the U.S. Increased in February

Mar 21, 2014 No Comments by

NEW YORK, March 21, 2014 /PRNewswire/ – The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.5 percent in February to 99.8 (2004 = 100), following a 0.1 percent increase in January, and a 0.1 percent decline in December.

“The U.S. LEI increased sharply in February, suggesting that any weather-related volatility will be short lived and the economy should continue to improve into the second half of the year,” said Ataman Ozyildirim, Economist at The Conference Board. “The strengths and weaknesses in the LEI were balanced in February, with large increases in housing permits and the interest rate spread more than offsetting decreases in the workweek in manufacturing, consumer expectations and rising initial claims for unemployment insurance.”

“While the CEI shows the pace of economic activity remained slow at the start of 2014, the trend in the LEI remains quite positive,” said Ken Goldstein, Economist at The Conference Board. “The biggest challenge continues to be weak consumer demand, pinned down by weak wage growth. These conditions were still in evidence the first two months of the year, but will likely improve as spring arrives.”

The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.2 percent in February to 108.2 (2004 = 100), following a 0.1 percent increase in January, and no change in December.

The Conference Board Lagging Economic Index® (LAG) for the U.S. increased 0.3 in February to 122.1 (2004 = 100), following a 0.5 percent increase in January, and a 0.4 percent increase in December.

Summary Table of Composite Economic Indexes
2013 2014 6-month
Dec  Jan Feb Aug to Feb
Leading Index 99.2 99.3 r 99.8 p
  Percent Change -0.1 r 0.1 r 0.5 p 2.7
  Diffusion 40.0 50.0 50.0 60.0
Coincident Index 107.9 r 108.0 r 108.2 p
  Percent Change 0.0 r 0.1 0.2 p 1.1
  Diffusion 37.5 62.5 100.0 100.0
Lagging Index 121.1 r 121.7 r 122.1 p
  Percent Change 0.4 0.5 r 0.3 p 2.0
  Diffusion 64.3 71.4 78.6 64.3
n.a. Not available       p Preliminary         r Revised
Indexes equal 100 in 2004
Source: The Conference Board
Headlines, Legal/Finance

About the author

Business Street staff writers desk to email about this article Editor@BusinessStreetOnline.com.
No Responses to “The Conference Board Leading Economic Index (LEI) for the U.S. Increased in February”

Leave a Reply

You must be logged in to post a comment.