The composite index of Leading Economic Indicators was up 0.6% in April following a revised flat reading in March, first reported as a 0.2% rise, the Conference Board reported Thursday.
The coincident index gained 0.3% in April after an unrevised unchanged reading in March, while the lagging index grew 0.3% after a revised 0.5% gain in March, first reported as a 0.4% rise.
The LEI stands at 123.9, the coincident index is at 113.6 and the lagging index is at 121.5 The LEI has a baseline of 100, which reflects the level in 2010.
"The U.S. LEI picked up sharply in April, with all components except consumer expectations contributing to the rebound from an essentially flat first quarter," said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. "Despite a slow start in 2016, labor market and financial indicators, and housing permits all point to a moderate growth trend continuing in 2016."
Economists polled by Thomson Reuters predicted LEI would gain 0.4% in the month.
