The 2020 Mid-Year Economic Update_long

Conference Board Leading Economic Index Increases in December

Coincident Economic Index and the Lagging Economic Index increased 0.2 percent and 0.3 percent, respectively.

The Conference Board Leading Economic Index for the U.S. increased 0.5 percent in December to 121.1 (2010 = 100), following a 0.4 increase in November, and a 0.6 percent increase in October.

“December’s gain in the LEI was driven by a majority of its components, suggesting the short-term outlook is getting brighter and the economy continues to build momentum,” said Ataman Ozyildirim, economist at The Conference Board. “Still, a lack of growth in residential construction and average weekly hours in manufacturing remains a concern. Current economic conditions measured by the coincident indicators show employment and income gains are helping to keep the U.S. economy on a solid expansionary path despite some weakness in industrial production.”

The Coincident Economic Index increased 0.2 percent in December to 111.4 (2010 = 100), following a 0.5 percent increase in November and a 0.3 percent increase in October, and the Lagging Economic Index increased 0.3 percent in December to 115 (2010 = 100), following a 0.3 percent increase in November, and no change in October.

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