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Data: Leading Economic Indicators in the US Continuously Deteriorating, US Economy in Recession
Summary: According to KobeissiLetter, data shows that leading economic indicators in the US are still deteriorating, with the ratio of leading economic indicators to coincident economic indicators dropping to 0.85, the lowest level since 2008, and this ratio has been declining for 4 consecutive years. The Conference Board's Leading Economic Index (LEI) tracks forward-looking data, including ...
According to KobeissiLetter, data shows that leading economic indicators in the US are still deteriorating, with the ratio of leading economic indicators to coincident economic indicators dropping to 0.85, the lowest level since 2008, and this ratio has been declining for 4 consecutive years.
The Conference Board's Leading Economic Index (LEI) tracks forward-looking data, including consumer expectations, new orders in manufacturing, average weekly hours, and initial jobless claims. Meanwhile, the Coincident Economic Index (CEI) measures the current economic conditions in real-time, such as nonfarm payroll employment. Historically, whenever this ratio has seen such a significant decline, the US economy has been in recession.
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Link: Data: Leading Economic Indicators in the US Continuously Deteriorating, US Economy in Recession [Copy]
