Index of Leading Economic Indicators ekes out a gain in March
NEW YORK CITY -- The Composite Index of Leading Economic Indicators in the United States rose 0.1% in March, after no change in February. Analysts had forecast a 0.3% gain.
“The recovery in the leading index suggests the economy is poised for growth through late summer,” said Conference Board Economist Ken Goldstein. “Normally, there is a strong spurt of growth after a recession as the economy catches up. But since the latest recession was short and shallow, it will not provide the thrust delivered by earlier recessions.”