US leading index trend implies “robust growth” until end 2021

23 September 2021

 

Summary: US leading index up 0.9% in August, above expectations; trend “consistent with robust economic growth in the reminder of the year” despite Delta, rising inflation fears; Conference Board 2021 forecast basically unchanged at nearly 6.0%. 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...

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