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Leading indicators continue advance in April

The numbers: The Conference Board said its leading economic index advanced 0.4% in April, with March’s gain upwardly revised a tick also to show a 0.4% advance. In the six-month period ending April 2018, the leading economic index increased 3.3%. What happened: Of the 10 components that make up the leading index, eight advanced, with the average workweek for manufacturing production workers and the interest rate spread between the 10-year Treasury and the federal-funds rate leading the way, and the ISM new-orders index close behind.