Heavy Duty Trucking Logo
MenuMENU
SearchSEARCH

Economic Watch: Leading Indicators Post 6th Straight Gain, E-Commerce Up

A measure of where the economy is headed turned positive for the sixth consecutive month, according to a new report, as a separate one showed another big gain in e-commerce retail sales.

Evan Lockridge
Evan LockridgeFormer Business Contributing Editor
May 17, 2018
Economic Watch: Leading Indicators Post 6th Straight Gain, E-Commerce Up

 

2 min to read


A measure of where the economy is headed turned positive for the sixth consecutive month, according to a new report, as a separate one showed another big gain in e-commerce retail sales.

The Conference Board’s Leading Economic Index (LEI) for the U.S. increased 0.4% in April to a reading of 109.4, in line with advance estimates from analysts, and following a 0.4% increase in March and a 0.7% increase in February.

Ad Loading...

The private research group’s measure uses 10 metrics of economic performance.

“April’s increase and continued uptrend in the U.S. LEI suggest solid growth should continue in the second half of 2018. However, the LEI’s six-month growth rate has recently moderated somewhat, suggesting growth is unlikely to strongly accelerate,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board.

The Conference Board Coincident Economic Index for the U.S., which measures current economic conditions, increased 0.3% in April to level of 103.5, following a 0.2% gain in March, and a 0.2% improvement in February.

Ad Loading...

The group’s Lagging Economic Index for the U.S., which measures past conditions, rose 0.3% in April to 104.7, following a 0.1% decrease in March, and a 0.3% rise in February.

This latest report may dampen some recent expectations by analysts who believe overall U.S. economic performance will be better in the second quarter of the year than it was in the first quarter.

The first quarter gross domestic product increased at an annual rate of 2.3%, down from a 2.9% pace in the final quarter of last year. It was pulled down by the smallest improvement in consumer spending in five years.

E-Commerce Portion of Total Retail Sales Continues Growing

Meantime, a report from the Commerce Department showed online retail sales remained strong in the first quarter of the year, and once again they posted a bigger gain than total retail sales

U.S. retail e-commerce sales for the first quarter of 2018, adjusted for seasonal variation but not for price changes, was $123.7 billion, an increase of 3.9% from the fourth quarter of 2017. Total retail sales for the first quarter of 2018 were estimated at $1,3 trillion, an increase of 0.2% from the fourth quarter of 2017.

Ad Loading...

The first quarter 2018 e-commerce estimate increased 16.4% from the first quarter of 2017 while total retail sales increased 4.5%in the same period.

E-commerce sales in the first quarter of 2018 accounted for 9.5% of total sales, up from 9.1% in the final quarter of last year, while it compares to an 8.5% share in the first quarter of 2017.

Related: Consumers Stay Upbeat as Retail, Wholesale Prices Barely Change

More Fleet Management

A woman holding a tablet with a screen showing rectangles of various colors
SponsoredSeptember 16, 2026

Color Match Smarter: Tools That Restore & Perform

For fleet managers and collision repair professionals keeping heavy-duty trucks on the road, getting the color right the first time isn't just about appearance — it's about efficiency, turnaround time, and bottom-line results. Discover how today's digital color tools are transforming the repair process from guesswork to precision.

Read More →
Mobile tablet showing Motus screen against highway background with Motus logo
Fleet Managementby StaffSeptember 15, 2026

FMCSA Pauses Biennial-Update Enforcement Amid Motus Transition

Carriers whose updates were due on or after June 1 have more time, while FMCSA works to stabilize its new registration system and warns of phishing sites impersonating its new carrier registration system, Motus.

Read More →
Geotab Whitepaper Cargo Theft Cover
SponsoredSeptember 14, 2026

2026 Blueprint for Countering Smarter Supply Chain Theft

Cargo theft is no longer just the cost of doing business. It's a multi-billion-dollar criminal enterprise exploiting vulnerabilities across your fleet, drivers, and supply chain.

Read More →
Ad Loading...
A monitor with a bar graph with a person sitting next to it wearing a headset.
SponsoredSeptember 1, 2026

How Telematics Improves Visibility, Control, and Performance in Refrigerated Fleets

Explore how telematics help refrigerated fleets improve visibility, uptime, efficiency, compliance, and cargo protection across connected cold chain operations.

Read More →
Graphic with U.S. and Canadian flags over background illustration of an ink-stamp that says Tariffs.
Equipmentby Deborah LockridgeAugust 24, 2026

What the U.S.-Canada Trade War Means for Trucking

Escalating U.S.-Canada tariffs could disrupt cross-border freight, reduce truck volumes, raise costs, and create new uncertainty for carriers on both sides of the border.

Read More →
Fleet Managementby News/Media ReleaseAugust 24, 2026

What Are Trucking’s Top Concerns for 2026?

The American Transportation Research Institute wants to know what's worrying trucking fleet managers, drivers, and other stakeholders in its annual Industry Issues survey.

Read More →
Ad Loading...
Four men in suits on the National Mall with giant video screen showing capitol building in the background
Fleet Managementby Deborah LockridgeAugust 24, 2026

American Trucking Associations Looks for a New Leader

ATA President and CEO Chris Spear abruptly left his job at the association on August 21, at a pivotal time for the trucking industry.

Read More →
The Cyber Stop column header with photo of a smiling driver in truck with a laptop and a wi-fi icon
Fleet ManagementAugust 21, 2026

Public Wi-Fi Cybersecurity Risks: How Truck Drivers and Fleets Can Protect Their Data

Public Wi-Fi can expose truck drivers and fleets to credential theft, malware, and other cyber threats. Here’s how to reduce the risk on the road.

Read More →
Woman in white blazer superimposed on background showing a row of Fraley & Schilling truck, plus the HDT Truck Fleet Innovators 2026 logo
Fleet Managementby Deborah LockridgeAugust 19, 2026

For Nicky Cupp, Fleet Innovation Starts With Frustration

HDT Truck Fleet Innovator Nicky Cupp turns everyday pain points at Fraley & Schilling into opportunities for better technology and smarter processes.

Read More →
Ad Loading...
Headshot of Adam Buttgenbach with a Pepsi-branded Tesla Semi in the background
Fleet Managementby Deborah LockridgeAugust 18, 2026

Adam Buttgenbach’s Approach to Electric Trucks: Start With Where They Fit

HDT Truck Fleet Innovator Adam Buttgenbach helped PepsiCo build one of North America’s largest EV fleets by focusing on where electric trucks make operational sense.

Read More →