ACTV - CB Leading Economic Index: Continued To Trend Down In June
2024-07-20 00:45:00 ET
Summary
- The latest Conference Board Leading Economic Index decreased in June to its lowest level since April 2020.
- The LEI is a composite index of several indicators. It is a predictive variable that anticipates, or leads, turning points in the business cycle and anticipates where the economy is heading.
- The LEI has historically dropped below its 6-month moving average (of 6-month ROC) anywhere between 2 and 15 months before a recession.
The latest Conference Board Leading Economic Index (LEI) decreased in June to its lowest level since April 2020. The index fell 0.2% from the previous month to 101.1, its smallest monthly decline in the past four months....
CB Leading Economic Index: Continued To Trend Down In June