US Conference Board's Leading Indicators Index fell 0.6% in April, signaling weaker economic growth ahead.
The US Conference Board's Leading Indicators Index fell by 0.6% in April, following a 0.3% drop in March, indicating weaker economic growth ahead. Consumer outlook on business conditions, weaker new orders, a negative yield spread, and a drop in new building permits contributed to the decline. Despite this, the index doesn't signal an imminent recession, as the six-month growth rate has improved.
May 17, 2024
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