Leading economic indicators up 0.3% in April

The composite index of Leading Economic Indicators was up 0.3% in April following a revised 0.3% increase in March, first reported as a 0.4% gain, the Conference Board reported Thursday.

Economy-General-Bloomberg

The coincident index gained 0.3% in April after a revised 0.3% rise in March, first reported as a 0.2% increase, while the lagging index was up 0.3% in April, after an unrevised 0.1% rise in March.

The LEI stands at 126.9, the coincident index is at 115.2 and the lagging index is at 124.1 The LEI has a baseline of 100, which reflects the level in 2010.

Economists polled by Thomson Reuters predicted LEI would be up 0.4% in the month.

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