The Conference Board Leading Economic Index increased 0.8% in February to 113.4 (2004=100), following a 0.1% increase in January and a 1.0% increase in December. The index is now at an all-time historical high and 16% higher than its most recent trough in March 2009.
“With February’s large gain, the U.S. Leading Economic Index returned to the strengthening trend that began last September,” said Ataman Ozyil, an economist with
Ken Goldstein, also an economist with The Conference Board, added that the economy should continue to gain strength through the summer, but the sharp rise in food and energy prices and the threat of inflation are wild cards that will cause “headwinds.”