The Conference Board Leading Economic Index was released today, jumping 1.4% in March, capping six straight months of increases and reaching what the Conference Board calls “its highest level.”
It’s nice to see a quantitative chart blending multiple data points that ticks up strong strongly.
As is consistently the case in this economic recovery, employment will be a primary driver of continued performance.
Adds Ken Goldstein, economist at The Conference Board: “The indicators point to a slow recovery that should continue over the next few months. The leading, coincident and lagging series are rising. Strength of demand remains the big question going forward. Improvement in employment and income will be the key factors in whether consumers push the recovery on a stronger path.”
Regardless, this is a nice bit of momentum to head into the summer with.
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