Economic Buzz: US CB leading index slumps in April

The Conference Board released a report on Monday showing its reading on leading U.S. economic indicators slumped by more than expected in the month of April.

The report said the leading economic index tumbled by 1.0 percent in April after sliding by a downwardly revised 0.8 percent in March.

Meanwhile, the Conference Board said its coincident economic index inched up by 0.1 percent in April after rising by 0.3 percent in March.

The report said the lagging economic index also rose by 0.3 percent in April after edging down by 0.1 percent in the previous month.

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