WASHINGTON (AP) — A measure of future U.S. economic activity rose in May to the highest level in four years, a sign the economy will keep growing but at a modest pace.
The Conference Board said Thursday that its index of leading economic indicators rose 0.3 percent last month, after a 0.1 percent drop in April. April's drop was the first in seven months.
The index is now at 95.8. The last time it was higher was June 2008, six months into the Great Recession. Prior to the recession, the index routinely topped 100.
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