Arab Today, arab today us leading indicators rise
Last Updated : GMT 23:03:36
Arab Today, arab today
Arab Today, arab today

US leading indicators rise

Arab Today, arab today

Arab Today, arab today US leading indicators rise

New York - 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.

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