Conference Board leading index still points to recession in Feb

17 March 2023

 

Summary: Conference Board leading index down 0.3% in February, less than expected; risk of recession in US economy; regression analysis implies negative US GDP growth to May. 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 and troughs;...

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