The Conference Board released its leading economic index for the U.S. on Friday. The leading economic index climbed by 0.2% in March, missing expectations a 0.3% gain, after a 0.1% increase in February.

February's figure was revised down from 0.2% rise.

Lower building permits, average working hours and manufacturing new orders weighed on the index.

The Conference Board economist Ataman Ozyildirim said that the leading economic index "still points to a moderate expansion in economic activity", but the slower pace over recent months "suggests weaker growth may be ahead".