From January to February the WSU Leading Economic Indicators Index increased 1 percent. Five of the nine indicators showed improvement. Initial unemployment claims declined, the inflation-adjusted value of residential and non-residential building permits increased, as well as the inflation-adjusted value of new orders for aircraft and the price of wheat futures. The national index of consumer confidence had the greatest decline, dropping 10.9 index points from January to February.
Like the Current Conditions Index, the WSU Leading Index has been on the rise for the past four years. However, its growth has not slowed over the 12-month period ending in February. During that time it grew 6.5 percent compared to an average increase of 4.9 percent for the three 12-month periods prior to that.