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Leading Economic Index for US suggests ‘solid’ growth, but no acceleration

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The Conference Board’s US Leading Economic Index edged up 0.4% in April to a reading of 109.4 (2016 = 100), following increases of 0.4% in March and 0.7% in February.

April’s increase and continued uptrend in the US Leading Economic Index suggest solid growth should continue in the second half of 2018, according to Ataman Ozyildirim, director of business cycles and growth research at The Conference Board.

“However, the LEI’s six-month growth rate has recently moderated somewhat, suggesting growth is unlikely to strongly accelerate,” Ozyildirim said. “In April, stock prices and housing permits were the only negative contributors, whereas the labor market

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