Economic Buzz: US Leading Economic Index Declines Further In August

23 Sep 2022 , 08:56 AM

Potentially signaling a recession, the Conference Board released a report on Thursday showing its index of leading U.S. economic indicators declined for the sixth consecutive month in August. The Conference Board said its leading economic index fell by 0.3 percent in August after sliding by a revised 0.5 percent in July. With the continued decrease, the LEI slumped by 2.7 percent over the six-month period between February and August, a reversal from the 1.7 percent jump over the previous six months. While the headline index continued to decline, the report showed the coincident economic index edged up by 0.1 percent in August after climbing by 0.5 percent in July. The Conference Board said the lagging economic index also increased by 0.7 percent in August after rising by 0.4 percent in July. Powered by Commodity Insights