The typically-muted impact report by the Conference Board (CB) today revealed what many have considered a surprise revelation about future economic direction. The monthly Leading Index report revealed a sudden uptick by 0.8% this month, well above forecasts for a 0.3% growth in several economic sectors.
The report is a combination of 10 economic indicators out of the US economy. It tends to have little effect, however, as the data which comprises the index is released earlier in the month. It is designed to forecast the direction of the US economy which makes this sudden jump contrary to much of the analyses which are expecting a sluggish second quarter. Should traders anticipate growth, as referenced by the CB?
