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First Cut: Conference Board’s Leading Economic Index for April up for third month in a row due to rebound in stock prices

The Conference Board’s Leading Economic Index was up 0.2% in April after up 0.3% in March (previously up 0.4%). Seven of 10 components were positive, two were negative, and one was neutral. The largest positive contribution came from stock prices and the Conference Board’s Leading Credit Index, and improved consumer expectations for six months from now. Negative contributions were from the components related to new orders.

Conditions in the US economy remain consistent with at least modest growth with prospects it will continue for the time being. However, upward momentum is less firm and more uneven.

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