“Sharp rise” in Conference Board leading index

18 November 2021

 

Summary: US leading index up 0.9% in October, slightly above expectations; suggests expansion to continue, may accelerate; Higher prices, bottlenecks still “pose challenges to growth”; Conference Board 2021 forecast trimmed from 5.7% to 5.0%. 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...

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