The Conference Board Leading Economic Index for the U.S. Declined Slightly in January
Friday, February 22nd, 2019
The Conference Board Leading Economic Index for the U.S. declined 0.1 percent in January (according to preliminary estimates) to 111.3 (2016 = 100), following no change in December, and a 0.1 percent increase in November.
"Based on preliminary data, the US LEI declined very slightly in January and December's decline was revised up to no change," said Ataman Ozyildirim, Director of Economic Research at The Conference Board. "In January, the strengths in the financial components were offset by the weaknesses in the labor market components. The US LEI has now been flat essentially since October 2018. The Conference Board forecasts that US GDP growth will likely decelerate to about 2 percent by the end of 2019."
The Conference Board Coincident Economic Index for the U.S. increased 0.1 percent in January to 105.5 (2016 = 100), following a 0.2 percent increase in December, and a 0.2 percent increase in November.
The Conference Board Lagging Economic Index for the U.S. increased 0.5 percent in January to 106.7 (2016 = 100), following a 0.3 percent increase in December and a 0.5 percent increase in November.
Summary Table of Composite Economic Indexes |
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2018 |
2019 |
6-month |
||||||
Nov |
Dec |
Jan |
Jul to Jan |
|||||
Leading Index |
111.4 |
p |
111.4 |
p |
111.3 |
p |
||
Percent Change |
0.1 |
p |
0.0 |
p |
-0.1 |
p |
0.8 |
|
Diffusion |
60.0 |
70.0 |
70.0 |
60.0 |
||||
Coincident Index |
105.2 |
p |
105.4 |
p |
105.5 |
p |
||
Percent Change |
0.2 |
p |
0.2 |
p |
0.1 |
p |
1.2 |
|
Diffusion |
100.0 |
100.0 |
75.0 |
100.0 |
||||
Lagging Index |
105.9 |
p |
106.2 |
p |
106.7 |
p |
||
Percent Change |
0.5 |
p |
0.3 |
p |
0.5 |
p |
1.8 |
|
Diffusion |
64.3 |
85.7 |
78.6 |
85.7 |
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p Preliminary r Revised |
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Indexes equal 100 in 2016 |
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Source: The Conference Board |