US: The Conference Board Leading Economic Index increased to 126.9 in April

"The Conference Board Leading Economic Index (LEI) for theU.S. increased 0.3 percent in April to 126.9 (2010 = 100), following a 0.3 percent increase in March, and a 0.5 percent increase in February," said The Conference Board's in its official report on Thursday.

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Commenting on the report, “The recent trend in the U.S. LEI, led by the positive outlook of consumers and financial markets, continues to point to a growing economy, perhaps even a cyclical pickup," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board.

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