US leading index falls in April; Conference Board cuts growth forecast

20 May 2022

 

Summary: Conference Board leading index down 0.3% in April; lower than expected; signals moderate growth outlook in near-term; forecast for US GDP growth over calendar 2022 cut from 3.0% to 2.3%. 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...

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