Conference Board Leading Economic Index Sends Strong Warning
Friday, 10 May 2024, 11:38
Conference Board Leading Economic Index Warns of Recession
The Conference Board Leading Economic Index predicts turning points in the business cycle. Sequential declines have historically heralded recessions within 21 months. Despite signals, a downturn did not materialize in 2023 as anticipated.
Key Economic Variables Included:
- Average weekly hours worked by production workers
- Consumer goods orders
- Changes in S&P 500 index
- Interest rate spread
The Index's failure? Only two exceptions occurred in predicting recessions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.