US leading index beats estimates

22 February 2021

 

Summary: Latest US leading index reading increases above expectations; improvements remain “broad-based”, solid March quarter implied; Conference Board forecasts 4.4% growth over 2021.   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; turning points in...

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