A look at recent jobs data, corporate profits, consumer sentiment and other indicators show that the U.S. economy continues to roar in a strong voice. But there’s more.
The Conference Board recently announced that its Leading Economic Index for the U.S. increased in February.
In fact, it was up 0.6 percent in February to 108.7 (2016 = 100), following a 0.8 percent increase in January, and a 0.7 percent increase in December.
Up, up, up. The LEI provides a fairly reliable “look ahead” at the economy, by analyzing a range of things — like manufacturing orders, consumer sentiments and new building permits issued – that indicate how strong the economy is, and will be in the months ahead.
For now, it looks like the economy will remain strong.