By Allison Prang
The Conference Board Leading Economic Index continued its recent string of increases, rising by 0.4% in the month of April, the Conference Board said Thursday.
The index -- which takes into account 10 different components, like new orders and stock prices -- came in at 109.4 for last month. It increased by the same percentage in March.
The Conference Board's director of business cycles and growth research, Ataman Ozyildirim, said in prepared remarks that "solid growth should continue in the second half of 2018" based on the index.
"The LEI's six-month growth rate has recently moderated somewhat, suggesting growth is unlikely to strongly accelerate," he said, adding that "stock prices and housing permits were the only negative contributors" for the month.
The Conference Board's Coincident Economic Index also continued rising and came in at 103.5, up 0.3%. The Conference Board's Lagging Economic Index was 104.7, up 0.3%. It had fallen in March but risen in February.
Write to Allison Prang at firstname.lastname@example.org