US leading index falls again in May

17 June 2022

 

Summary: Conference Board leading index down 0.4% in May, in line with expectations; suggests weaker economic activity in near term; implies 2.7% US GDP growth to August. 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 growth peaks and troughs;...

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