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10:00am 05/20/04 U.S. APRIL LEADING ECONOMIC INDICATORS UP 0.1%

10:00am 05/20/04 4 OUT OF 10 U.S. LEADING INDICATORS RISE IN APRIL

10:00am 05/20/04 U.S. MARCH LEADING INDEX REVISED TO UP 0.8% VS 0.3%

U.S. leading indicators up 0.1% in April

WASHINGTON (CBS.MW) -- The U.S. index of leading economic indicators rose 0.1 percent in April, the Conference Board said Thursday.
The rise was just below the forecast of Wall Street economists, who had expected a 0.2 percent gain.
There was a large upward revision to the March data.
The leading index for March was revised to a 0.8 percent rise, more than double the previous estimate of a 0.3 percent gain.
Four of the 10 indicators increased April, including interest rate spread, money supply, building permits and stock prices.
Economists at the Conference Board said the index was signaling continued growth through the third quarter.
"While there are growing concerns about rising gasoline prices this spring, as well as worries about what happens after all the tax refunds have been spent, the indicators are not signaling an softening in America's basic economic fundamentals," said Ken Goldstein, an economist at the board.
The coincident index rose 0.3 percent, while the lagging index rose 0.2 percent.