Sixth month of consecutive falls for US leading index in August

21 September 2022

 

Summary: Conference Board leading index down 0.3% in August, lower than expected; index now down for six consecutive months; manufacturing sector work hours down, activity to “continue slowing more broadly throughout the US economy”; latest reading implies 1.8% US GDP growth to November. 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....

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