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- U.S. Leading Economic Index unchanged in May
U.S. Leading Economic Index unchanged in May
The Conference
Board announced on Thursday its Leading Economic Index (LEI) for the U.S. was
unchanged in May, remaining at 111.8 (2016 = 100), following a revised 0.1
percent increase in April (originally a 0.2 percent m-o-m gain).
Economists had
forecast an advance of 0.1 percent.
Ataman
Ozyildirim, Director of Economic Research at The Conference Board, said “The US
LEI was unchanged in May, following three consecutive increases. Positive
contributions from financial conditions and consumers’ outlook offset the
weakness in stock prices and the manufacturing sector. The yield spread’s
contribution to the LEI was neither positive nor negative. While the economic
expansion is now entering its eleventh year, the longest in US history, the LEI
clearly points to a moderation in growth towards 2 percent by year-end.”
The report also revealed the Conference Board Coincident Economic Index (CEI) for the U.S. went up 0.2 percent to 105.9 in May after a 0.1 percent uptick in April. Meanwhile, its Lagging Economic Index (LAG) for the U.S. fell 0.2 percent to 107.0, following a 0.1 percent drop in April.
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