07042020Sat
Last updateFri, 03 Jul 2020 5pm

Manufacturing & The Economy

Leading Economic Indicators Down for Third Straight Month

The Conference Board Leading Economic Index (LEI) for the U.S. declined for the third consecutive month in October, after a slight downward revision in September. As a result, the LEI’s six-month growth has slipped slightly into negative territory, for the first time since May 2016. Negative contributions from the ISM New Orders Index, average weekly hours in manufacturing and unemployment claims, were not enough to offset the large gain in building permits.

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