Economic Outlook: Difference between revisions

Economic Outlook (view source)

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 What is the current data telling us?
-# The Conference Board Leading Economic Index® (LEI) for theU.S. decreased by 1.0 percent in November 2022 to 113.5 (2016=100), following a decline of 0.9 percent in October. The LEI is now down 3.7 percent over the six-month period between May and November 2022—a much steeper rate of decline than its 0.8 percent contraction over the previous six-month period, between November 2021 and May 2022. The decline was broad-based and only the stock market showed a positive contribution, though it has wobbled of late.<ref>https://www.conference-board.org/topics/us-leading-indicators</ref>
+# The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 1.0 percent in December 2022 to 110.5 (2016=100), following a decline of 1.1 percent in November. The LEI is now down 4.2 percent over the six-month period between June and December 2022—a much steeper rate of decline than its 1.9 percent contraction over the previous six-month period (December 2021–June 2022).<ref>https://www.conference-board.org/topics/us-leading-indicators</ref>
 # Recession signal was hit in August 2022.<ref>https://www.conference-board.org/topics/us-leading-indicators/press/us-lei-sept-2022#:~:text=The%20Conference%20Board%20Leading%20Economic,over%20the%20previous%20six%20months.</ref>