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Leading Index Sees Resumption Of Sharp Declines

US DATA
  • The Conference Board leading index was weaker than expected in March, falling -1.2% M/M (cons -0.7%) after a downward revised -0.5% (initial -0.3%).
  • Press release (more here): “The weaknesses among the index’s components were widespread in March and have been so over the past six months, which pushed the growth rate of the LEI deeper into negative territory. Only stock prices and manufacturers’ new orders for consumer goods and materials contributed positively over the last six months.”
  • It continues to signal a recession over the next twelve months.


Source: Conference Board

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