The economy expands for the first time in five months, leading indicators show:
The numbers: A survey of economic conditions in the U.S. rose in February for the first time in five months, perhaps a sign growth is poised to pick up a bit after a very slow start early in the year.
What happened: The improved reading in February was spurred by higher stock prices, lower interest rates and improved access to credit. “Despite the latest results, the U.S. LEI’s growth rate has slowed over the past six months, suggesting that while the economy will continue to expand in the near-term, its pace of growth could decelerate by year end,” said Ataman Ozyildirim, director of economic research at the board.Big picture: The economy has slowed in early 2019 after a bout of strong growth in the middle of last year, leading Wall Street economists and the Federal Reserve to cut their forecasts.
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