United States economy - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Mon, 02 Jan 2023 18:36:47 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png United States economy - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 LEI for the U.S. Declined Again in November https://www.garnertedarmstrong.org/lei-for-the-u-s-declined-again-in-november/?utm_source=rss&utm_medium=rss&utm_campaign=lei-for-the-u-s-declined-again-in-november Fri, 30 Dec 2022 21:58:13 +0000 https://www.garnertedarmstrong.org/?p=43216 The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 1.0 percent in November 2022 to 113.5 (2016=100), following a decline of 0.9 percent in October. The LEI is now down 3.7 percent over the six-month period between May and … Read More

The post LEI for the U.S. Declined Again in November first appeared on Garner Ted Armstrong Evangelistic Association.

]]> The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 1.0 percent in November 2022 to 113.5 (2016=100), following a decline of 0.9 percent in October. The LEI is now down 3.7 percent over the six-month period between May and November 2022—a much steeper rate of decline than its 0.8 percent contraction over the previous six-month period, between November 2021 and May 2022.

“The US LEI fell sharply in November, continuing the slide it’s been on for most of 2022 after peaking in February,” said Ataman Ozyildirim, Senior Director, Economics, at The Conference Board. “Only stock prices contributed positively to the US LEI in November. Labor market, manufacturing, and housing indicators all weakened—reflecting serious headwinds to economic growth. Interest rate spread and manufacturing new orders components were essentially unchanged in November, confirming a lack of economic growth momentum in the near term.”

Continue reading HERE

Source: https://www.conference-board.org/topics/us-leading-indicators

__________________________________________________________________

[Disclaimer]

The post LEI for the U.S. Declined Again in November first appeared on Garner Ted Armstrong Evangelistic Association.

]]>