Leading Economic Indicators Inch Higher

The index of leading economic indicators inched 0.1 percent higher in February following declines of 0.2 and 0.3 percent in the prior two months. The yield spread, reflecting accommodative monetary policy, remains a central strength as do unemployment claims, which have been trending at historic lows. Factory readings, which were strong in January, fell back in February. This report has been soft and is pointing to no more than moderate economic growth over the next six months.

Recent History Of This Indicator:
The index of leading indicators is expected to end two straight declines with a modest 0.2 percent gain for February. Building permits have been holding this index down but are expected to give February a push. Stock prices will also be a positive as will the report's yield spread and credit components.