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Press Release
The Conference Board Leading Economic Index® (LEI) for the U.S. Increased in January
20 February, 2020


The Conference Board Leading Economic Index® (LEI) for the U.S. Increased in January

Economic Expansion Will Continue Through First Half of 2020

The Conference Board Leading Economic Index® (LEI)for theU.S. increased 0.8 percent in January to 112.1 (2016 = 100), following a 0.3 percent decline in December and a 0.1 percent increase in November.

“The strong pickup in the January US LEI was driven by a sharp drop in initial unemployment insurance claims, increasing housing permits, consumers’ outlook on the economy and financial indicators,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “The LEI’s six-month growth rate has returned to positive territory, suggesting that the current economic expansion – at about 2 percent – will continue through early 2020. While weakness in manufacturing appears to show signs of softening, the COVID-19 outbreak may impact manufacturing supply chains in the US in the coming months.”

The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.1 percent in January to 107.3 (2016 = 100), following no change in December, and a 0.4 percent increase in November.

The Conference Board Lagging Economic Index® (LAG) for the U.S. was unchanged in January at 108.7 (2016 = 100), following a 0.1 percent decline in December, and a 0.3 percent increase in November.

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.

The ten components of The Conference Board Leading Economic Index® for the U.S. include:

Average weekly hours, manufacturing

Average weekly initial claims for unemployment insurance

Manufacturers’ new orders, consumer goods and materials

ISM® Index of New Orders

Manufacturers’ new orders, nondefense capital goods excluding aircraft orders

Building permits, new private housing units

Stock prices, 500 common stocks

Leading Credit Index™

Interest rate spread, 10-year Treasury bonds less federal funds

Average consumer expectations for business conditions

For full press release and technical notes:

http://www.conference-board.org/data/bcicountry.cfm?cid=1

For more information about The Conference Board global business cycle indicators:

http://www.conference-board.org/data/bci.cfm

About The Conference Board

The Conference Board is the member-driven think tank that delivers trusted insights for what’s ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.

The next release is scheduled for Thursday, March 19 at 10 A.M. ET.

For further information contact:

Carol Courter
1 212 339 0232
carol.courter@conference-board.org

Joseph DiBlasi
781.308.7935
Joseph.DiBlasi@conference-board.org

THESE DATA ARE FOR ANALYSIS PURPOSES ONLY. NOT FOR REDISTRIBUTION, PUBLISHING, DATABASING, OR PUBLIC POSTING WITHOUT EXPRESS WRITTEN PERMISSION.

Download

Technical Notes
Underlying detail, diffusion indexes, components, contributions and graphs

Press Release
With supplemental data

ECONOMIC INDICATORS

Leading Economic Index for:

  • Australia 0.4%
  • Brazil 0.8%
  • China 1.0%
  • Euro Area 0.3%
  • France 0.2%
  • Germany 0.2%
  • Global 0.5%
  • India 0.8%
  • Japan 0.3%
  • Korea 0.9%
  • Mexico 0.8%
  • Spain 0.2%
  • U.K. 0.1%
  • U.S. 0.1%
  • International Labor Comparisons:
  • Visit ILC website
  • Productivity:
  • Visit Total Economy Database™ website
  • Global Economic Outlook:
  • Visit Global Economic Outlook website
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