Economic Indicators Edge Higher

Economy

A flurry of reports showing a robust economy and low inflation fueled a sharp rise in stocks this week.

On Friday, the Conference Board said the U.S. index of leading economic indicators rose 0.1 percent in March for its 14th consecutive monthly gain.

Of the 10 indicators in the index, half pointed toward a stronger economy - including slower delivery times, a longer factory work week, and an increase in building permits. Five others pointed to a slowdown, including a decrease in factory orders for consumer goods.

At the same time, consumers remain upbeat. The University of Michigan’s index of consumer sentiment rose in April to 101.4 from 100.0 in March, the fourth consecutive monthly increase.

Meanwhile, U.S. retail sales in March were a bit more sluggish than initially reported, according to annual benchmark revisions released Friday.

Sales increased 0.1 percent in March to a seasonally adjusted $213.634 billion, the Commerce Department said. In its previous report April 11, the government said retail sales rose 0.2 percent in March.