The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 0.3 percent in January 2023 to 110.3 (2016=100), following a decline of 0.8 percent in December. The LEI is now down 3.6 percent over the six-month period between July 2022 and January 2023—a steeper rate of decline than its 2.4 percent contraction over the previous six-month period (January–July 2022). "The US LEI remained on a downward trajectory, but its rate of decline moderated slightly in January," said Ataman Ozyildirim, Senior Director, Economics, at The Conference Board. "Among the leading indicators, deteriorating manufacturing ... (full story)

The Conference Board's Leading Economic Indicators (LEI) continued its decline in January, dropping 0.3% MoM (vs -0.3% exp). • The biggest positive contributor to the leading index was average workweek at 0.18 • The biggest negative contributor was ISM new orders at -0.28 This is the 10th straight monthly decline in the LEI (and 11th month of 13) - the longest streak of declines since 'Lehman' (22 straight months of declines from June 2007 to April 2008) “The US LEI remained on a downward trajectory, but its rate of decline moderated slightly in January,” said Ataman Ozyildirim, Senior Director, Economics, at The ... (full story)