Indicator Spotlight
Heed The LEI’s Signal Despite Historical Divergence From CEI
The Conference Board’s US Leading Economic Index (LEI) disappointed in May, contracting 0.5% m/m from a 0.6% decline in April. However, the Coincident Economic Index (CEI) grew 0.4% m/m in May. Year-on-year contractions in the LEI have reliably…
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