“Longest streak of consecutive decreases since 2007/08”; CB leading index down again

20 July 2023

 

Summary: Conference Board leading index down 0.7% in June, slightly worse than expected; longest streak of consecutive decreases since 2007/2008; regression analysis implies 2% contraction in year to September. 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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