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

Jun 23, 2014 No Comments by

NEW YORK, June 23, 2014 /PRNewswire/ – The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.5 percent in May to 101.7 (2004 = 100), following a 0.3 percent increase in April, and a 1.0 percent increase in March.

“May’s increase in the LEI, the fourth consecutive one, was broad based,” said Ataman Ozyildirim, Economist at The Conference Board. “Housing permits held the index back slightly but the LEI still points to an expanding economy and its pace may even pick up in the second half of the year.”

“Recent data suggest the economy is finally moving up from a 2 percent growth trend to a more robust expansion,” said Ken Goldstein, Economist at The Conference Board. “The CEI shows the pace of economic activity continued to gain traction in May, while the trend in the LEI remains positive. Going forward, the biggest challenge is to sustain the rise in income growth which will drive consumption.”

The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.3 percent in May to 109.0 (2004 = 100), following a 0.2 percent increase in April, and a 0.4 percent increase in March.

The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.4 percent in May to 123.8 (2004 = 100), following a 0.3 percent increase in April, and a 0.6 percent increase in March.

 

Summary Table of Composite Economic Indexes
2014 6-month
Mar Apr May Nov to May
Leading Index 100.9 r 101.2 r 101.7 p
  Percent Change 1.0 0.3 r 0.5 p 2.3
  Diffusion 70.0 45.0 85.0 70.0
Coincident Index 108.5 r 108.7 r 109.0 p
  Percent Change 0.4 r 0.2 r 0.3 p 1.0
  Diffusion 100.0 75.0 100.0 100.0
Lagging Index 122.9 r 123.3 123.8 p
  Percent Change 0.6 r 0.3 r 0.4 p 2.6
  Diffusion 78.6 78.6 85.7 78.6
p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board
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