US leading index continues falls in Q3; outlook “highly uncertain”

17 August 2023

 

Summary: Conference Board leading index down 0.4% in July, in line with expectations; outlook remains highly uncertain, currently in favourable growth environment; regression analysis implies 1.8% contraction in year to October. 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...

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