US Conference Board Economic Index Declines

…The Conference Board Leading Economic Index® (LEI) for the U.S. declined 0.2 percent in January to 123.2 (2010 = 100), following a 0.3 percent decrease in December and a 0.5 percent increase in November.

“The U.S. LEI fell slightly in January, driven primarily by large declines in stock prices and further weakness in initial claims for unemployment insurance,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “Despite back-to-back monthly declines, the index doesn’t signal a significant increase in the risk of recession, and its six-month growth rate remains consistent with a modest
economic expansion through early 2016.”

The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.3 percent in January to 113.2 (2010 = 100), following a 0.1 percent increase in December, and no change in November.

The Conference Board Lagging Economic Index® (LAG) for the U.S. increased 0.1 percent in January to 120.0 (2010 = 100), following a 0.2 percent increase in December, and a 0.4 percent increase in November.

via Conference-Board

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza