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Leading Economic Indicators Rise More Than Forecast

LEI index indicates U.S. economic growth will pick up in the second half of the year.

By Michelle Jamrisko, Bloomberg | Updated on June 18, 2015

The index of U.S. leading economic indicators (LEI) climbed more than forecast in May, showing growth will pick up in the second half of the year.

The 0.7 percent increase in the Conference Board’s index, a measure of the outlook for the next three to six months, matched the April advance, the New York-based group said Thursday. The median forecast of economists in a Bloomberg survey called for a 0.4 percent gain. The back-to-back rise was the strongest since the middle of 2014.

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