Skip nav to main content.

Leading Economic Index for the U.S. Declines

A key “forward look” reading at the U.S. economy declined a bit last month, according…

  • February 19, 2019

A key “forward look” reading at the U.S. economy declined a bit last month, according to The Conference Board.

The Conference Board Leading Economic Index (LEI) for the U.S. declined in December 0.1 percent in December to 111.7 (2016 = 100), following a 0.2 percent increase in November, and a 0.3 percent decline in October.

“The US LEI declined slightly in December and the recent moderation in the LEI suggests that the US economic growth rate may slow down this year,” said Ataman Ozyildirim, Director of Economic Research at The Conference Board. “While the effects of the government shutdown are not yet reflected here, the LEI suggests that the economy could decelerate towards 2 percent growth by the end of 2019.”

As Ozyildirim points out, not all of the effects of the government shutdown have been recorded.

Also, because of the shutdown, some of the date collection for the Index was unavailable.

For instance, data for manufacturers’ new orders for consumer goods and materials for November and December and building permits were not published for December.

Leave a Comment