Conference Board leading index misses; still on track for strong 2021

18 March 2021

 

Summary: US leading index reading below expectations in February; vaccinations, fiscal supports not yet fully reflected; Conference Board raises 2021 forecast; “signs of weakness” among some index components, from temporary factors.   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...

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