14 months in a row: Conference Board leading index down again in May

22 June 2023

 

Summary: Conference Board leading index down 0.7% in May, fall slightly better than expected; index down for  14 consecutive months; regression analysis implies 2% contraction in year 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...

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