The Conference Board Leading Economic Index (LEI) for the U.S. declined 0.1% in January (according to preliminary estimates) to 111.3, following no change in December, and a 0.1% increase in November.
“Based on preliminary data, the U.S. LEI declined very slightly in January and December’s decline was revised up to no change,” said Ataman Ozyildirim, director of economic research at The Conference Board. “In January, the strengths in the financial components were offset by the weaknesses in the labor market components. The U.S. LEI has now been flat essentially since October 2018. The Conference Board forecasts that U.S. GDP growth will likely decelerate to about 2% by the end of 2019.”