Summary

• The Leading Indicator held steady at 50, suggesting that forward-looking conditions remain neither clearly expansionary nor clearly contractionary.
• The Roughly Coincident Indicator registered 67, with four of six components improving and two declining.
• The Lagging Indicator stood at 67, with four of six components improving and two declining.

By Peter C. Earle

The April 2026 AIER Business Conditions Monthly (BCM) points to a still-mixed but somewhat more balanced economic picture. The Leading Indicator held steady at 50, suggesting that forward-looking conditions remain neither clearly expansionary nor