Leading Economic Index up in May for second consecutive month - Phoenix Business Journal:

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The Conference Board’s Leading Economicc Index for the U.S. increased by 1.2 percentr in May, following a 1.1 perceng increase in April anda 0.3 percent decline in March. The LEI projectsz economic activity for the next thre e tosix months. Ken Goldstein, an economisgt at the New York-based research group, said confidence in the economyu is beginningto improve. “Confidence is rebuilding, and financia market volatilityis abating,” he said. “Evehn the housing market appears tobe stabilizing.
If these trends continue, expect a slow recovery beginning before the end ofthe However, employment will take longer to turn In addition to gains in the LEI for the second consecutive month, the strengths among its components continued to excee the weaknesses this Vendor performance, interest rate spread, real monegy supply, stock prices, consumer expectations and building permits contributed positivelg to the index, more than offsetting the negativre figures in weekly hours and initial unemploymeng claims. The index rose by 1.2 percentg (a 2.4 percent annual between November 2008 and May the first time the index has been positivs fora six-month period since April 2007.
The strengths amony the leading indicators became balanced with the weaknessew duringthis period.