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The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.3 percent in June to 123.7 (2010 = 100), following a 0.2% decline in May, and a 0.5% increase in April.
“The U.S. LEI picked up in June, reversing its May decline,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Improvements in initial claims for unemployment insurance, building permits, and financial indicators were the primary drivers. While the LEI continues to point to moderating economic growth in the U.S. through the end of 2016, the expansion still appears resilient enough to weather volatility in financial markets and a moderating outlook in labor markets.”
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.3% in June to 113.8 (2010 = 100), following no change in May, and a 0.2% increase in April.
The Conference Board Lagging Economic Index (LAG) for the U.S. declined 0.1% in June to 121.9 (2010 = 100), following a 0.4% increase in May, and a 0.2% 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.
