The leading U.S. economic index fell 0.4% in May, while the Fed reported that industrial production rose 0.2% in May

The Conference Board announced that its Leading Economic Index (LEI) fell 0.4% in May after falling 0.4% in April.

The LEI index is an indicator of the U.S. economy. It is calculated using 10 economic data items, including stock prices, new orders in the manufacturing sector, building permits, claims for unemployment benefits, and consumer confidence.

According to the Conference Board, the index points to weaker economic activity in the near future, influenced by monetary tightening.

The U.S. Federal Reserve (Fed) reported yesterday that overall U.S. industrial production rose 0.2% in May, following a 1.4% increase in April.

Factory output fell by 0.1% in May after rising by 0.8% in April.

Production in the mining sector increased by 1.3% and in the utility sector by 1.0%.

Leave a Reply

Change Language
%d bloggers like this: