Key U.S. Indicator Signals Recession Ahead
AllpennyStocks.com

Key U.S. Indicator Signals Recession Ahead

By: Tomas Ronolski - AllPennyStocks.com News

Friday, January 27, 2023

A key economic indicator is pointing to a recession in the United States. The Conference Board Leading Economic Index, considered a reliable leading indicator of recessions, dropped for the 10th consecutive month in December. The fall of 1 percent exceeded expectations of 0.7 percent.

By providing forward looking indicators across various areas of economic activity, the LEI is considered a gauge into the business cycle and the health of the economy. The index consists of ten indicators, covering a wide array of economic activity, including stock prices, job growth and housing construction.  

The LEI level typically peaks 11-12 months ahead of a recession—most recent data show that the index peaked in February 2022 and has since been on a downward trajectory. In December, seven of the 10 components fell, following November’s decline of 1.1 percent.





Copyright © 2023 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Canadian Inflation Moves Up as Expected But Easing Underlying Pressures Boost Hopes of June Rate Cut
 Read More
Mixed Shelf Filing Gives Micro Cap Delayed Boost
 Read More
Key Executive Appointment Sends Small Cap Higher
 Read More
Most Popular
1
Mixed Shelf Filing Gives Micro Cap Delayed Boost
2
Key Executive Appointment Sends Small Cap Higher
3
JD Sports strikes deal to buy Hibbett for $1.1 billion in push for U.S. growth
4
Meta’s Profits More Than Double, While Spending on A.I. Rises
5
Canadian Inflation Moves Up as Expected But Easing Underlying Pressures Boost Hopes of June Rate Cut
6
Junior Miner Recieves Mining Concession Extension in Ecuador
FREE Newsletter
AllPennyStocks.com Favorites


Back to Top
Site Links:
Premium Services / Email Newsletter:
Social Media:
RSS Feed:
Partners:
© Copyright 2024 AllPennyStocks.com Media Inc. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com.
© Copyright 1999 – 2024. AllPennyStocks.com Media Inc.
All rights reserved.