Conference Board LEI Indicates Less Chance of Recession but Slowing Economy

The Conference Board’s Leading Economic Index (LEI) fell by 0.6% in April to 101.8 with a smaller decrease than the previous 6 months.

A decline in new orders, negative yield spread, and drop in new building permits creates the drag.

The US expected to not go into recession but inflation, household debt, and spent savings seem to indicate some future issues.

GDP growth is expected to be under 1%.

May 17th, 2024 LEI Conference Board