Proof The Bible Is True

04/21/23

 

The Conference Board’s Leading Economic Indicators (LEI) accelerated its decline in March, dropping 1.2% MoM (far more than the 0.7% decline expected).

 

• The biggest positive contributor to the leading index was orders for non-defense capital goods ex aircraft at 0.02
• The biggest negative contributor was building permits at -0.28

This is the 12th straight monthly decline in the LEI (and 13th month of 15) –  the longest streak of declines since ‘Lehman’ (22 straight months of declines from June 2007 to April 2008)

 

Read More: US Leading Economic Indicators Tumble For 12th Straight Month, Signal Recession Imminent | ZeroHedge