The U.S. leading economic index fell 0.6% in April and declined for the 13th month in a row, pointing once again to a potential recession later in the year.
The leading economic index, also known as the LEI, is a gauge of 10 indicators designed to show whether... The numbers: The leading economic index, also known as the LEI, is a gauge of 10 indicators designed to show whether the economy is getting better or worse. The report is published by the nonprofit Conference Board.A measure of current economic conditions, meanwhile, rose by 0.3% in April.Big picture: The economy has slowed in response to higher interest rates.
Looking ahead: “The Conference Board forecasts a contraction of economic activity starting in the second quarter, leading to a mild recession by mid-2023,” said Justyna Zabinska-La Monica, senior manager of business cycle indicators at the Conference Board.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Amy Adams’ husband shares rare photo of their daughter for her 13th birthdayAmy Adams and her husband, Darren Le Gallo, are celebrating a major milestone today: their daughter’s 13th birthday!
Leer más »
Retail spending rebounded in April | CNN BusinessSpending at US retailers rose in April following two months of declines, showing the US consumer is still fueling the economy.
Leer más »
PHOTOS: The Most Expensive Homes Sold in Washington in April - WashingtonianIncluding a high-end condo that went for a record-breaking price.
Leer más »
Retail sales rise in April for first time in 2 monthsThe Commerce Department reported Tuesday that retail sales climbed 0.4% in April, the first increase since January as consumers picked up their spending.
Leer más »
China's new home prices rise at slower pace in AprilChina's new home prices rose for the fourth straight month in April but at a slower pace, official data showed on Wednesday, as government efforts to stabilise the sector lifted sentiment after the country's abrupt exit from COVID curbs late last year.
Leer más »
Silver Price Analysis: XAG/USD seems vulnerable near 38.2% Fibo., lowest since AprilSilver enters a bearish consolidation phase on Wednesday and oscillates in a narrow trading band around the $23.70-$23.75 area, just above its lowest
Leer más »