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The Conference Board Leading Economic Index® (LEI) for the U.S. fell by 1.2 percent in March 2023 to 108.4 (2016=100), following a decline of 0.5 percent in February. The LEI is down 4.5 percent over the six-month period between September 2022 and March 2023—a steeper rate of decline than its 3.5 percent contraction over the previous six months (March–September 2022).

US Leading Indicators

And it’s going to get worse, the Board says. “The Conference Board forecasts that economic weakness will intensify and spread more widely throughout the US economy over the coming months...” 

Okay how can it spread MORE widely?

I forget. Is this business as usual and the recession is coming? Ord is this the recession and the Depression is coming? Does it matter?    

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