Leading Economic Indicators point to U.S. recovery
NEW YORK -- The Conference Board reported that the Composite Index of Leading Economic Indicators rose 0.5% in May, following a 0.1% rise in April. Some analysts have concluded that the U.S. economy is on the way to recovery.
Moderate strength in the services industry, as well as a limited recovery in the manufacturing sector, indicates the economy may slowly rebound, according to Ken Goldstein.