Free Trial

Leading Index Points To Fragile But Not Recessionary Growth Outlook

US DATA
  • The Conference Board’s leading index fell more than expected in Mar (-0.3% M/M vs cons -0.1%) but after an upward revision (+0.2% M/M vs initial +0.1%).
  • The February uptick remains the first increase since Feb 2022.
  • From the press release: “Negative contributions from the yield spread, new building permits, consumers’ outlook on business conditions, new orders, and initial unemployment insurance claims drove March’s decline.”
  • “The LEI’s six-month and annual growth rates remain negative, but the pace of contraction has slowed. Overall, the Index points to a fragile—even if not recessionary—outlook for the U.S. economy.”

Source: Conference Board

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.