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Key Economic Indicators Make Biggest Gain in Five Years
The Conference Board’s Leading Economic Index (LEI), which points to the direction of the economy in the next three to six months, made its largest gain in five years last month, signaling that the end of the recession may be in sight.
Supplier deliveries, interest rate spread, and stock prices were the largest of the seven positive indicators that boosted the non-profit research group’s LEI 1.2% in May. The index posted a 1.1% increase in April and a 0.3% drop in March, The Conference Board said in a statement.
Other positives were real money supply, consumer…
19Jun2009 | Money Morning | 0 comments | Continued
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