- Global Markets Investor
- Posts
- BREAKING: US Conference Board Leading Economic Indicators dropped again in September signaling a recession.
BREAKING: US Conference Board Leading Economic Indicators dropped again in September signaling a recession.
US Conference Board Leading Economic Index is down 5.2% over the last 6 months and turning lower.
The Conference Board Leading Economic Index (LEI) declined 0.5% month-over-month, to the lowest level in 8 years.
The LEI is also down 5.2% over the last 6 months and turning lower again.
The index has now declined in 30 out of the last 31 months, the longest streak since the Great Financial Crisis, and is down ~17% from the peak.
Over the last 65 years, such a drop has been seen only during recessions.
The LEI index covers US labor market data, manufacturing sector data, building permits, the S&P 500, and US bonds. Its components are largely skewed toward the manufacturing industry which accounts for ~10% of the entire economy.
If you find it informative and helpful you may consider a paid subscription (or annual if subscribed), become a Founding Member, and follow me on Twitter:
Why subscribe?