US leading index continues rise but “downside risks” remain

18 September 2020

 

Summary: US leading index increases for fourth consecutive month; increase slightly less than expected; July increase revised up; index remains in recession territory, downside risks present; “substantially weakened economic conditions” at start of 2021.   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...

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