Leading Economic Index Declines, Driven By Manufacturing and Housing Weakness
So much for that manufacturing boom Harris and Walz keep touting.
So much for that manufacturing boom Harris and Walz keep touting.
The economy is slowing but there index of leading indicators still says there is no recession on the horizon.
While the leading indicators no longer point to a looming recession, the COnference Board says growth is likely to slow to a one percent pace in the second half of this year.
Manufacturing and residential construction were key drivers in the unexpected rise in the closely watched index of leading indicators.
Hisatory’s most anticipated recession appears to be over before it even began.
Although the Leading Economic Index is has slowed its decline, the numbers still point to a recession in the second and third quarters of this year.
A key measure of the health of the economy in the near future is once again forecasting a recession.
We haven’t seen a downturn in the leading indicators last this long since the run up to the Great Recession.
The Biden economic slump is coming on even faster than thought, according to the Leading Economic Index from the Conference Board.