In almost every direction we turn, we see optimism mounting over a mid-2021 economic re-acceleration. Unfortunately, it seems we will have to wait at least another month for that optimism to make their way into leading economic indicators in a major way.
This week Brian discusses how the Conference Board released its February 2021 report detailing the latest reading for its Leading Economic Index (LEI), a composite of ten data series that tend to lead changes in economic activity. Many economic data points are backward looking, but we pay special attention to the LEI, as it has a forward looking tilt to it. The index grew for the tenth month in a row, up 0.2% month over month in February, a decrease from January’s 0.5% pace.
CLICK HERE for the LPL chart mentioned in the episode.
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Music:
Cold Funk - Funkorama by Kevin MacLeod is licensed under a Creative Commons Attribution license. Source. Tracking ID:
