US CB Leading Index m/m
This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Source changed series calculation formula as of Jan 2012;
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 19, 2024 | -0.2% | -0.3% | -0.6% |
| Aug 19, 2024 | -0.6% | -0.4% | -0.2% |
| Jul 18, 2024 | -0.2% | -0.3% | -0.4% |
| Jun 21, 2024 | -0.5% | -0.4% | -0.6% |
| May 17, 2024 | -0.6% | -0.3% | -0.3% |
| Apr 18, 2024 | -0.3% | -0.1% | 0.2% |
| Mar 21, 2024 | 0.1% | -0.1% | -0.4% |
| Feb 20, 2024 | -0.4% | -0.3% | -0.2% |
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- US CB Leading Index m/m News
From raymondjames.com|Sep 20, 2024After more than six months of indicating that it lacked conviction regarding the path of inflation, the Federal Reserve (Fed) seems to have gotten a conviction boost so large that it pushed it to lower the federal funds rate by 50 basis points at the September Federal Open Market Committee (FOMC) meeting. This garnered cheers from markets but also generated the first dissent from a member of the Federal Reserve Board of Governors since 2005, who preferred to start the easing cycle with a more moderate cut of 25 basis points. The FOMC ...
From prnewswire.com|Sep 19, 2024The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.2% in August 2024 to 100.2 (2016=100), following an unrevised 0.6% decline in July. Over the six-month period between February and August 2024, the LEI fell by 2.3%, a smaller rate of decline than the 2.7% drop over the six-month period between August 2023 and February 2024. "In August, the US LEI remained on a downward trajectory and posted its sixth consecutive monthly decline," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, ...
From prnewswire.com|Aug 19, 2024|3 commentsThe Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.6 percent in July 2024 to 100.4 (2016=100), following a decline of 0.2 percent in June. Over the six-month period ending in July 2024, the LEI fell by 2.1 percent, a smaller rate of decline than its −3.1 percent over the six-month period between July 2023 and January 2024. "The LEI continues to fall on a month-over-month basis, but the six-month annual growth rate no longer signals recession ahead," said Justyna Zabinska-La Monica, Senior Manager, Business ...
- From prnewswire.com|Jul 18, 2024
The Conference Board Leading Economic Index® (LEI) for the U.S. declined by 0.2 percent in June 2024 to 101.1 (2016=100), following a decline of 0.4 percent (upwardly revised) in May. Over the first half of 2024, the LEI fell by 1.9 percent, a smaller decrease than its 2.9 percent contraction over the second half of last year. "The US LEI continued to trend down in June, but the contraction was smaller than in the past three months," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. ...
- From conference-board.org|Jun 21, 2024
The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.5 percent in May 2024 to 101.2 (2016=100), following a 0.6 percent decline in April. Over the six-month period between November 2023 and May 2024, the LEI fell by 2.0 percent—a smaller decrease than its 3.4 percent contraction over the previous six months. “The U.S. LEI fell again in May, driven primarily by a decline in new orders, weak consumer sentiment about future business conditions, and lower building permits,” said Justyna Zabinska-La Monica, ...
- From conference-board.org|May 17, 2024|6 comments
The Conference Board Leading Economic Index® (LEI) for theU.S. decreased by 0.6 percent in April 2024 to 101.8 (2016=100), after decreasing by 0.3 percent in March. Over the six-month period between October 2023 and April 2024, the LEI contracted by 1.9 percent—a smaller decrease than its 3.5 percent decline over the previous six months. “Another decline in the U.S. LEI confirms that softer economic conditions lay ahead,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. ...
From usnews.com|Apr 19, 2024A pair of economic reports on Thursday showed the economy continues to encounter tailwinds as it battles high interest rates and inflation. Existing home sales fell 4.3% in March after February’s strong increase, caught in a vise of mortgage rates at 7% and median prices that rose 4.8% from a year ago, the National Association of Realtors said. “Though rebounding from cyclical lows, home sales are stuck because interest rates have not made any major moves," said NAR Chief Economist Lawrence Yun. "There are nearly six million more ...
From conference-board.org|Apr 18, 2024The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 0.3 percent in March 2024 to 102.4 (2016=100), after increasing by 0.2 percent in February. Over the six-month period between September 2023 and March 2024, the LEI contracted by 2.2 percent—a smaller decrease than the 3.4 percent decline over the previous six months. “February’s uptick in the U.S. LEI proved to be ephemeral as the Index posted a decline in March,” said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference ...
| Released on Sep 19, 2024 |
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| Released on Aug 19, 2024 |
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| Released on Jul 18, 2024 |
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| Released on Jun 21, 2024 |
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| Released on May 17, 2024 |
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| Released on Apr 18, 2024 |
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