The U.S. leading economic indicator continued to rise in February, suggesting robust economic growth should continue throughout the year, the Conference Board said.
After rising at a revised rate of 0.8% in January, the leading economic index increased 0.6% to 108.7 from 108.0 in February.
"The LEI points to robust economic growth throughout 2018," said Ataman Ozyildirim, director of business cycles and growth research at the Conference Board. "Its six-month growth rate has not been this high since the first quarter of 2011."
The coincident economic index, which measures current economic activity, edged up 0.3% to 103.3 in February, and the lagging economic index increased 0.4% to 104.3 from the previous month.