Conference Board reports Coincident Index rise 0.2% in May
22 Jun '07
1 min read
Leading Economic Index
The Conference Board reports that the Composite Index of Leading Economic Indicators increased 0.3 percent in May, following a 0.3 percent decline in April, and a 0.6 percent increase in March.
Says Ken Goldstein, Labor Economist at The Conference Board: “The Coincident Index (which measures where the economy is at present) continued to rise by between 0.1 to 0.2 percent per month right through May. The Leading Index is suggesting that this pace could be maintained through the summer, and perhaps into the fall."
"Both indexes (CEI and LEI) show a positive change over the past six months — 1.6 percent annualized versus 0.6 percent. These data may be suggesting that the economy has weathered the negative impact of the housing slump and the spring run-up in gas prices. These prices are now beginning to moderate.”
The Conference Board reports that the Coincident Index increased 0.2 percent in May, following a 0.1 percent increase in April, and a 0.2 percent rise in March. The Lagging Index increased 0.2 percent in May, following a 0.2 percent increase in April, and a 0.1 percent decline in March.
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