Washington - A gauge of future US economic activity compiled by the Conference Board posted a fifth straight monthly increase in February, climbing a healthy 0.7% in a sign of gaining economic momentum.
The group’s Leading Economic Index was up to 95.5 in February on gains that were described as broad-based and potentially signaling more progress on jobs, output and incomes in coming months.
“We haven’t seen this kind of a run since we were coming out of recession in 2009,” Conference Board economist Ken Goldstein said.
The group’s Leading Economic Index was up to 95.5 in February on gains that were described as broad-based and potentially signaling more progress on jobs, output and incomes in coming months.
“We haven’t seen this kind of a run since we were coming out of recession in 2009,” Conference Board economist Ken Goldstein said.