The Conference Board’s Leading Economic Index for February was at 111.5, up 0.2% from an unrevised 111.3 in January. After revisions and updates related to the annual revisions and delays in some of the government data reports, the index is up-to-date except for the February numbers on building permits which had to be estimated.
The largest positive contribution came from stock prices, followed by The Conference Board’s Leading Credit Index and consumer expectations for business conditions. New orders contributed some small positives along with one neutral reading. The negatives in the workweek and claims were holdovers from the government shutdown and some weather events.
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