Pointing to a more positive outlook, the Conference Board's leading economic index for the U.S. increased for the sixth consecutive month in March, according to a report released on Thursday.
The report showed that the leading economic index rose by 0.3 percent in March following a 0.7 percent increase in February and a 0.2 percent increase in January. Economists had been expecting the index to increase by 0.2 percent.
While the lagging economic index also rose by 0.3 percent in March, the coincident economic index increased by 0.2 percent.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.