FXstreet.com (Barcelona) - The Conference Board's composite Leading Economic Index has edged up in April., for the second consecutive time, after having posted losses for five consecutive months, and against expectations of a smooth weakening, according to the latest report by the private institute of economic research.
In April, the leading economic index has ticked up 0.1%m, the same as in March, instead of a 0.1% drop expected by market analysts. Stock prices, the interest rate spread, and housing permits were the positive contributors, while average weekly hours and consumer expectations posted sharp monthly declines.
The coincident index remained unchanged on the month, this index has not increased since October. Down to its components, Industrial production and employment posted losses from the previous month, but they could be offset by gains in personal income less transfer payments and real manufacturing and trade sales.