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Leading indicators rise 0.1 percent in February

Thursday, March 17, 2005 | 10:03 a.m.

NEW YORK -- An index designed to forecast future economic growth rose a middling 0.1 percent in February after a decline of 0.3 percent in January, the Conference Board reported today.

The business-financed research group said its Composite Index of Leading Economic Indicators advanced to 115.6 in February from 115.5 the previous month.

Kenneth Goldstein, the Conference Board's economist, said in a statement accompanying the report that the index was "pointing to growth this spring."

He noted that the increase in February was the third in the last four months, "reflecting an economy that is continuing to improve."

The index of coincident indicators, designed to measure current activity, advanced 0.4 percent in February to 119.6, while the index of lagging indicators was up 0.4 percent at 99.6.

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