The composite leading index rose 0.6% in February, following a 0.4% gain in January. This was the eighth consecutive monthly increase of the index. In February, 6 of the 10 components rose. The financial components had the largest gains in the month, with the stock market recovering after eight monthly declines and the money supply component continuing to expand. As well, manufacturing was supported by an increase in new orders and the ratio of inventories to sales rose for the fourth consecutive month. Household demand for durable goods also rose, supported by auto sales. The US leading indicator rose as a result of ... (full story)