The U.S. Conference Board LEI fell 0.3% in March, with a 2.2% contraction over six months.
The Conference Board Leading Economic Index (LEI) for the U.S. fell 0.3% in March, following a 0.2% increase in February. The index contracted 2.2% over six months to March, a smaller decrease than the 3.4% decline in the previous six months. The index's fragile outlook for the U.S. economy is attributed to negative contributions from the yield spread, new building permits, consumers' outlook on business conditions, new orders, and initial unemployment insurance claims.
April 18, 2024
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