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The Conference Board Leading Economic Index (LEI)for the U.S. increased 0.5% in June to 109.8 (2016 = 100), following no change in May, and a 0.4% increase in April.
“The U.S. LEI increased in June, pointing to continuing solid growth in the U.S. economy,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The widespread growth in leading indicators, with the exception of housing permits which declined once again, does not suggest any considerable growth slowdown in the short-term.”
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.3% in June to 103.9 (2016 = 100), following a 0.1% increase in May, and a 0.2% increase in April.
The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.3% in June to 105.4 (2016 = 100), following a 0.5% increase in May and a 0.4% increase in April.
About The Conference Board Leading Economic Index (LEI) for the U.S.
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
