(CercleFinance.com) – The Leading Indicators Index (LEI) in the United States rose 1.3% in March, to 111.6, after falling 0.1% (revised from + 0.2%) in February and a 0.5% increase in January, today announced the employers’ organization Conference Board.
Economists were anticipating a 0.6% increase in this index, which is supposed to foreshadow the evolution of the economy for the coming months.
“The US LEI rose sharply in March, which more than offset the slightly negative revised figure in February,” said Ataman Ozyildirim, director of economic research at the Conference Board.
The manager also highlights the effects of the accelerated vaccination campaign, the gradual lifting of mobility restriction measures as well as current and expected budget stimulus measures.
“The Conference Board now predicts that LEI growth can reach 6% year over year,” said Ataman Ozyildirim.
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