Leading Economic Index for APRIL 2026
The Conference Board® released its Leading Economic Index® (LEI) for April, 2026:
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Index for April, 2026: 97.4 (The baseline 100 score is associated with 2016 data.)
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The yellow-highlighted percentage is the month-to-month change for the index. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
The LEI is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns:
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Index for April, 2026: 97.4 (The baseline 100 score is associated with 2016 data.)
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- Actual: +0.1% (+0.1 point Month-on-Month)
- Change from 12 Months Ago: -1.72% (-1.7 points)
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- LEI for March, 2026: 97.3
- LEI for February, 2026: 97.9
- LEI for January, 2026: 97.6
- LEI for December, 2025: 97.6
- LEI for November, 2025: 97.9
- LEI for October, 2025: 98.1
- LEI for September, 2025: 98.3
- LEI for August, 2025: 98.5
- LEI for July, 2025: 98.8
- LEI for June, 2025: 98.8
- LEI for May, 2025: 99.1
- LEI for April, 2025: 99.1
- LEI for March, 2025: 100.4
- LEI for February, 2025: 101.2
- LEI for January, 2025: 101.4
- LEI for December, 2024: 101.6
The yellow-highlighted percentage is the month-to-month change for the index. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
The LEI is a composite of 10 of the nation's economic data releases that's put together by The Conference Board. Statistically, the components listed below have shown a significant increase or decrease before national economic upturns or downturns:
- The Standard + Poor's 500 Index
- Average weekly claims for unemployment insurance
- Building permits for new private housing
- The interest rate spread between the yield on the benchmark 10-Year Treasury Note and Federal Funds
- ISM® Index of New Orders
- Manufacturer's new orders for consumer goods or materials
- Manufacturer's new orders, non-defense capital goods excluding aircraft orders
- Average weekly manufacturing hours
- Average consumer expectations for business conditions
- Leading Credit Index™
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From Today's Report:
"...'The US LEI increased slightly in April, driven mainly by a rebound in stock prices and an increase in building permits only for two and more units,' said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board.
'The leading index rose in two of the past three months, but the gains did not offset the steep fall registered in March. As a result, the LEI’s six- and twelve-month growth rates were negative, signaling fragile economic conditions ahead.
Strong investment in AI infrastructure, data centers, and energy production likely will have a positive impact on growth and sustain business spending, but may only partially offset weakness on the consumer side.
Higher gasoline and energy costs -- paired with weak hiring -- will likely erode household purchasing power in the months ahead, particularly for lower- and middle-income consumers. The Conference Board is currently projecting 1.7% y/y GDP growth in 2026, revised up slightly from last update of 1.6%.'..."
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