US leading economic index hits record high in March

WASHINGTON, April 19 (BestGrowthStock) – A gauge of the U.S.
economy’s prospects rose more strongly than expected to a
record high in March, pointing to a steady economic recovery, a
private research group said on Monday.

The Conference Board said its index of leading economic
indicators increased 1.4 percent, rising for the 12th straight
month, after an upwardly revised 0.4 percent gain in February.

Analysts polled by Reuters had expected a 1.0 percent rise
in March from a previously reported 0.1 percent gain.

“The indicators point to a slow recovery that should
continue over the next few months. The leading, coincident and
lagging series are rising. Strength in demand remains the big
question going forward,” said Ken Goldstein, an economist at
the Conference Board.

The coincident index, which measures current economic
conditions, edged up 0.1 percent in March after 0.1 percent
gain the prior month. The lagging index rose 0.2 percent after
0.1 percent increase in February.
(Reporting by Lucia Mutikani; Editing by Padraic Cassidy)

US leading economic index hits record high in March