The Conference Board today announced that the U.S. leading index was unchanged in February from the previous month. The leading index now stands at 115.1 (1996=100). Based on revised data, this index increased 0.4 percent in January and increased 0.4 percent in December. During the six-month span through February, the leading index increased 1.7 percent, with eight out of 10 components advancing (diffusion index, six-month span equals 80 percent). The leading index is increasing at a 3 percent to 4 percent annual rate, and this growth continues to be widespread. Six of the 10 indicators that make up the leading index increased in February. The positive contributors – beginning with the largest positive contributor – were real money supply, vendor performance, average weekl...
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