Leading Indicators Start 2020 With Strong Bounce
Leading economic indicators finally received the jolt we have been expecting.
The Conference Board’s Leading Economic Index (LEI), a composite of leading data series, rose 0.8% month over month in January, ending a string of lethargic readings. As shown in the LPL Chart of the Day, the LEI rose 0.9% year over year, signaling a potential bottom in the series and pointing to economic growth.
The LEI, which we include as one of the “Five Forecasters” of our Recession Watch Dashboard, has yet to turn negative this economic cycle, even though it has come close over the past few months. That
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