Tuesday, April 20, 2010

Leading economic index at record high in March | Reuters

This is a big jump, and a big revision of the previous data.

Remember, just because the economy's roaring, the stock market has its own rules.

We'll have a full analysis of this data over at the analysis page:

http://paterson-financial-services.blogspot.com/

* * * * * J B K * * * * *

San Francisco

A gauge of the U.S. economy's prospects rose more strongly than expected to a record high in March, pointing to a steady economic recovery, a private research group said on Monday.

The Conference Board said its index of leading economic indicators increased 1.4 percent, rising for the 12th straight month, after an upwardly revised 0.4 percent gain in February.

Analysts polled by Reuters had expected a 1.0 percent rise in March from a previously reported 0.1 percent gain.

U.S. stocks held slim gains after the report, while Treasury debt prices and the U.S. dollar were little changed.

http://www.reuters.com/article/idUSTRE63I3DM20100419