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Leading Economic Index for the US increase again in May

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Leading Economic Index for the US increase again in May

Third straight months of positive increases.

The Conference Board Leading Economic Index for the US increased 0.7% in May, following an identical 0.7% increase in April, and a 0.4% increase in March.

"The U.S. LEI increased sharply again in May, confirming the outlook for more economic expansion in the second half of the year after what looks to be a much weaker first half," said Ataman Ozyildirim, Director, Business Cycles and Growth Research, at The Conference Board. "While residential construction and consumer expectations support the more positive outlook, industrial production and new orders in manufacturing are painting a somewhat more mixed picture."

The Conference Board Coincident Economic Index, which measures current performance, for the US increased 0.1% in May, following a 0.2% increase in April, and no change in March.  

The Conference Board Lagging Economic Index for the US increased 0.2% in May, following a 0.2% increase in April, and a 0.5% increase in March.

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