Conference Board Leading Economic Index

The Conference Board Leading Economic Index is an American economic leading indicator intended to forecast future economic activity. It is calculated by The Conference Board, a non-governmental organization, which determines the value of the index from the values of ten key variables. These variables have historically turned downward before a recession and upward before an expansion.

A Federal Reserve Bank of New York report What Predicts U.S. Recessions? uses each component of the Conference Board’s Leading Economic Index (LEI). That report said that the indicators signal peaks and troughs in the business cycle, and the aggregate index has been shown to drop ahead of recessions and rise before expansions.[1]

Revisions to the The Conference Board Leading Economic Index effective with the January 26, 2012 release began using the new Leading Credit Index TM (LCI) ... etc.[2]


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