facebook
twitter
rss
account
search
search
 

U.S. leading indicators rise

May 17, 2013 at 12:45 PM   |   Comments

NEW YORK, May 17 (UPI) -- The U.S. index of leading economic indicators rose in April, climbing 0.6 percent to 95, after a 0.2 percent drop in March, the Conference Board said Friday.

The Leading Economic Index rebounded with positive contributions from housing permits and labor market conditions.

The index climbed "although consumers' outlook on the economy remains weak," Conference Board economist Ataman Ozyildirim said.

"The index is 3.5 percent higher, annualized, than six months ago, suggesting expansion," economist Ken Goldstein said.

The biggest current risk, he said, is cuts in government spending.

On the flip side, the brightest factors at the moment are improvements in the housing and labor markets.

The leading index compares current business activity with 2004, the year the Conference Board assigned a level of 100.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Most Popular
1
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
2
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
3
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
4
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
5
Purpose-built engine for ScanEagle UAV delivered to Insitu Inc. Purpose-built engine for ScanEagle UAV delivered to Insitu Inc.
Trending News
Video
x
Feedback