US Leading Index Dec: 0.3% (est 0.3%; prev R 0.7%)

 


LEI's continue to recover although the pace cont's to slow up 0.3 percent in December following a 0.7 percent increase in November and a 0.9 percent increase in October.  From CB:

“The US LEI’s slowing pace of increase in December suggests that US economic growth continues to moderate in the first quarter of 2021. Improvements in the US LEI were very broad-based among the leading indicators, except for rising initial claims for unemployment insurance and a mixed consumer outlook on business and economic conditions,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “While the resurgence of COVID-19 and weak labor markets remain barriers to growth, The Conference Board expects the economy to expand by at least 2.0 percent (annual rate) in Q1 and then gain momentum throughout the year.”




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