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Conference Board Leading Index: Difference between revisions
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* The Conference Board Coincident Economic Index® (CEI) for the U.S. increased by 0.3 percent in April 2023 to 110.2 (2016=100), after rising by 0.2 percent in March. The CEI is now up 0.7 percent over the six-month period between October 2022 and April 2023—down from the 0.9 percent growth it recorded over the previous six months. | * The Conference Board Coincident Economic Index® (CEI) for the U.S. increased by 0.3 percent in April 2023 to 110.2 (2016=100), after rising by 0.2 percent in March. The CEI is now up 0.7 percent over the six-month period between October 2022 and April 2023—down from the 0.9 percent growth it recorded over the previous six months. | ||
'''May 2023''' | '''May 2023''' | ||
“The US LEI continued to fall in May as a result of deterioration in the gauges of consumer expectations for business conditions, ISM New Orders Index, a negative yield spread, and worsening credit conditions,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. “The US Leading Index has declined in each of the last fourteen months and continues to point to weaker economic activity ahead. Rising interest rates paired with persistent inflation will continue to further dampen economic activity. While we revised our Q2 GDP forecast from negative to slight growth, we project that the US economy will contract over the Q3 2023 to Q1 2024 period. The recession likely will be due to continued tightness in monetary policy and lower government spending.” | |||
* The Conference Board Leading Economic Index (LEI) for the U.S. declined by 0.7 percent in May 2023 to 106.7, following a decline of 0.6 percent in April. | |||
* The LEI is down 4.3 percent over the six-month period between November 2022 and May 2023—a steeper rate of decline than its 3.8 percent contraction over the previous six months from May to November 2022.<ref>https://www.conference-board.org/topics/us-leading-indicators/press/us-lei-june-2023</ref> | |||
* The Conference Board Coincident Economic Index (CEI) for the U.S. increased by 0.2 percent in May 2023 to 110.2, after rising by 0.3 percent in April. The CEI is now up 0.8 percent over the six-month period between November 2022 and May 2023—down slightly from the 0.9 percent growth it recorded over the previous six months. | |||
== References == | == References == | ||