Bradley C. Bower/Bloomberg News
The index of U.S. leading indicators increased in February, a sign the economy will strengthen after a weather-induced slowdown in the first quarter.
The Conference Board’s gauge of the outlook for the next three to six months climbed 0.5%, the biggest gain since November, after a revised 0.1% gain the prior month, the New York-based group said March 20. The median forecast of 49 economists surveyed by Bloomberg News called for a 0.2% gain.
“The general trend is still positive, and that’s consistent with a pickup in the overall economy,” Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Fla., said before the report. “We look for things to pick up.”