Index of Leading Indicators Decreases 0.3% in April

The composite index of leading economic indicators fell 0.3% in April, the Conference Board reported Thursday.

The coincident index grew 0.1% in April, after an unrevised 0.2% gain in March, while the lagging index rose 0.5% after a revised 0.3% increase in March, originally reported as a 0.4% gain.

The LEI rose a revised 0.7% in March, originally reported as a 0.4% jump.

The LEI stands at 114.0, the coincident index is at 102.8, and the lagging index is at 108.8. The LEI has a baseline of 100, which reflects the level in 2004.

Economists predicted the LEI would be up 0.1% in the month.

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