According to the report from the Conference Board, leading economic index (LEI) increased 0.2 percent in February to 110.5 (2016 = 100), following a 0.5 percent increase in January and a 0.4 percent increase in December.
“The U.S. LEI continued rising in February, suggesting economic growth should continue well into this year,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “Indeed, the acceleration of the vaccination campaign and a new round of large fiscal supports are not yet fully reflected in the LEI. With those developments, The Conference Board now expects the pace of growth to improve even further this year, with the U.S. economy expanding by 5.5 percent in 2021.”
Coincident Economic Index decreased 0.1 percent in February to 103.0 (2016 = 100), following a 0.2 percent increase in January and a 0.1 percent decrease in December.
The Lagging Economic Index increased 0.2 percent in February to 104.5 (2016 = 100), following a 2.3 percent decrease in January and 0.4 percent increase in December.
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