US leading index slides in January; “continued, albeit slower, economic growth”

18 February 2022

 

Summary: US leading index down 0.3% in January; in contrast with +0.2% expected; first decline since February 2021; points to “continued, albeit slower, economic growth” into northern spring; forecasts 3.5% growth for calendar 2022. 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...

read full story