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- U.S. Leading Economic Index unchanged in November
U.S. Leading Economic Index unchanged in November
The Conference Board announced on Thursday its Leading Economic Index (LEI) for the U.S. was unchanged in November, remaining at 111.6 (2016 = 100), following a revised 0.2 percent decrease in October (originally a 0.1 percent m-o-m drop).
Economists had forecast an advance of 0.1 percent.
Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board, said "The US LEI was unchanged in November after three consecutive monthly declines. Strength in residential construction, financial markets, and consumers' outlook offset weakness in manufacturing and labor markets. While the six-month growth rate of the LEI remains slightly negative, the Index suggests that economic growth is likely to stabilize around 2 percent in 2020."
The report also revealed the Conference Board Coincident Economic Index (CEI) for the U.S. rose 0.4 percent in November to 106.8, following a 0.1 percent drop in October. Meanwhile, its Lagging Economic Index (LAG) for the U.S. increased 0.5 percent in November to 108.7, following a 0.2 percent gain in October.
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