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Economy

Economic Data (USA)

Monday, August 24, 2026

Leading Economic Index for JULY 2026

The Conference Board® released its Leading Economic Index® (LEI) for July, 2026:

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Index for July, 2026: 99.5 (The baseline 100 score is associated with 2016 data.)

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  • Actual: +0.2% (+0.2 point Month-on-Month)

    • Change from 12 Months Ago: +0.71% (+0.7 point)

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  • LEI for June, 2026: 99.3

  • LEI for May, 2026: 99.4
     
  • LEI for April, 2026: 99.2

  • LEI for March, 2026: 99.0

  • LEI for February2026: 99.6

  • LEI for January, 2026: 99.3
        
  • LEI for December, 2025: 99.4   

  • LEI for November, 2025: 99.6  

  • 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

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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:

  1. The Standard + Poor's 500 Index

  2. Average weekly claims for unemployment insurance

  3. Building permits for new private housing

  4. The interest rate spread between the yield on the benchmark 10-Year Treasury Note and Federal Funds

  5. ISM® Index of New Orders

  6. Manufacturer's new orders for consumer goods or materials

  7. Manufacturer's new orders, non-defense capital goods excluding aircraft orders

  8. Average weekly manufacturing hours

  9. Average consumer expectations for business conditions

  10. Leading Credit Index™
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CHART: Leading Economic Index 6-Month Growth Rate with Warning + Recession Signal - JULY 2026 UPDATE
CHART: Leading Economic Index
6-Month Growth Rate
with Warning + Recession Signal
JULY 2026 UPDATE
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From Today's Report:

"....'The Leading Index for the US ticked up in July, marking the fourth increase over the past six months,' said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board. 'Most components were positive in July except consumer expectations, which continued to be a notable drag on the overall index. With the most recent gains, the LEI’s six-month growth rate turned positive for the first time in more than four years, suggesting moderate growth ahead. The economy should keep expanding, but growth is expected to be driven by business investments in AI, while the higher cost of living may reduce consumer spending, especially by lower- and middle-income households. Consequently, The Conference Board continues to forecast real GDP growth of 1.9% in 2026 and 1.9% in 2027.'

The Conference Board Coincident Economic Index® (CEI) for the US increased by 0.2% in July 2026 to 114.8 (2016=100), following a 0.2% increase in June. Overall, the CEI expanded by 0.5% over the six months between January and July 2026, after remaining flat over the previous six months. The CEI’s four component indicators -- payroll employment, personal income less transfer payments, manufacturing and trade sales, and industrial production -- are included among the data used to determine recessions in the US. All components of the CEI, except for payroll employment, made positive contributions last month.
.."

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