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Leading Economic Index for the US increases again

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Leading Economic Index for the US increases again

But weaker growth may be ahead.

The Conference Board Leading Economic Index for the US increased 0.2% in March, following a revised 0.1% increase in February, and a 0.2% increase in January.

“Although the leading economic index still points to a moderate expansion in economic activity, its slowing growth rate over recent months suggests weaker growth may be ahead," said Ataman Ozyildirim, Economist at The Conference Board. "Building permits was the weakest component this month, but average working hours and manufacturing new orders have also slowed the LEI's growth over the last six months."

"Average working hours and manufacturing new orders have also slowed the LEI's growth over the last six months."

The Conference Board Coincident Economic Index for the U.S. increased 0.1% in March, following a 0.2% increase in both February and January.

The Conference Board Lagging Economic Index for the U.S. increased 0.4% in March, following a 0.3% increase in each of the prior two months.

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