The index of leading indicators, which is supposed to forecast economic trends six to nine months ahead, rose 1% in April after a revised 0.2% fall the previous month, the New York-based Conference Board said.
"The leading indicators suggest that while the recession will continue in the near term, the declines will be less intense," said Ken Goldstein, a Conference Board economist.
"If the indicators continue on the current track, that point might be reached in the second half of the year," Goldstein said.
Wall Street economists had forecast a rise of 0.8% after an initial 0.3% March drop.
