Conference Board leading index continues slide; down 0.6% in April

18 May 2023

 

Summary: Conference Board leading index down 0.6% in April, fall slightly worse than expected; CB: LEI continues to warn of economic downturn this year; regression analysis implies 2% contraction in year to July. 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...

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