The composite index of leading economic indicators rose 0.7% in February following a revised 0.2% gain in January originally reported as a 0.4% increase, the Conference Board reported Thursday.
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The coincident index grew 0.2% in February after an unrevised 0.2% gain in January, while the lagging index rose 0.2% after a revised 0.5% increase in January, originally reported as a 0.4% increase.
The LEI stands at 95.5, the coincident index is at 104.0, and the lagging index is at 114.41.
The LEI has a baseline of 100, which reflects the level in 2004.
Economists polled by Thomson Reuters predicted the index would be up 0.6% in the month.
“Recent data reflect an economy that improved this winter,” said board economist Ken Goldstein.
