The Conference Board, a non-partisan, not-for-profit think tank founded in 1916, released today (6-17-22) the Leading Economic Index® (LEI) for the US in May of 2022. According to the report, the LEI for the US declined -0.4%, falling to a reading of 118.3 (2016=100). The decrease follows a -0.4% decline in April. The LEI is now down -0.4% over the six-month period from November 2021 to May 2022.
In a statement prepared for the release of the May LEI, Senior Director of Economic Research at the Conference Board, Ataman Ozyildirim, said, “The US LEI fell again in May. The index is still near a historic high, but the US LEI suggests weaker economic activity is likely in the near term—and tighter monetary policy is poised to dampen economic growth even further.”
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