Economic Report: Economic expansion poised to become longest in U.S. history, leading indicators show

Getty Images
A customer with a loaded cart heads for her car after shopping at BJ’s Warehouse.

The numbers: A survey of U.S. economic conditions rose for the third straight month in April, touching 112.1, the Conference Board said Friday.

April’s reading reflected a 0.2% gain over March, following a 0.3% increase that month, and 0.2% rise in February.

What happened: Higher stock prices, financial conditions, and a rosier outlook from consumers helped boost the leading economic index, produced by the private-sector Conference Board. Manufacturing still weighed on the numbers, however.

Don’t miss:Forecaster of the Month winner sees modest cooling in GDP, hiring and stock prices

>>> Original Source <<<