“Sharp drop” in leading index; US faces “very deep contraction”

17 April 2020

 

The Conference Board Leading Economic Index (LEI) is a composite index composed of ten sub-indices which are thought to be sensitive to changes in the US economy. The Conference Board describes it as an index which attempts to signal peaks and troughs, as turning points in the index have historically occurred prior to changes in aggregate economic activity. While readings from the first two months of 2020 appeared to have...

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