Diamondrock Hospitality Co
Of the three composite indices, the leading economic index is most important because it portends to indicate what’s going to happen in the future.
The leading economic index rose in April along with seven of its ten component parts. Building permits and the interest rate spread contributed most to the rise.
The Leading Economic Index for February 2015 increased by 0.2% to 121.4. This was the sixth straight month the index reported a rise.
Housing starts in the United States plunged 17% month-over-month to an 897,000 pace in February 2015, the lowest level since January 2014.