Leading Indicators Support Continued Growth

The LEI rose 0.4 percent, supported by an increase in the average workweek and improving financial indicators. This is now the fourth-consecutive month of improvement in the index.

The coincident economic index increased 0.2 percent, suggesting that current conditions continue to improve, but at a slower rate than the 0.3 percent increase in December.

The modest gains in the LEI over the past few months suggest that economic growth will continue at a moderate pace, which supports our view for ongoing sub-par economic growth over the first half of the year.

Click on the pdf link below to view the full report.