US Leading Index (M/M) Jan: 0.5% (est 0.4%; prev R 0.4%)

  US Leading Index (M/M) Jan: 0.5% (est 0.4%; prev R 0.4%)



Conference Board's LEI's continue to recover, and after several months of slowing growth, it picked up in January although below Nov's level of 0.9%. Still overall level now just about where we were pre-pandemic. From CB:

“While the pace of increase in the U.S. LEI has slowed since mid-2020, January’s gains were broad-based and suggest economic growth should improve gradually over the first half of 2021,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “As the vaccination campaign against COVID-19 accelerates, labor markets and overall growth are likely to continue improving through the rest of this year as well. The Conference Board now expects the U.S. economy to expand by 4.4 percent in 2021, after a 3.5 percent contraction in 2020.”




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