The next recession will likely begin in the very near future, the index of leading economic indicators from the Conference Board showed Thursday.
The Conference Board said its Leading Economic Index (LEI) for the U.S. fell by 0.4 percent in September 2022 to 115.9, after remaining unchanged in August. The index has declined in seven of the last nine months.
“The US LEI fell again in September and its persistent downward trajectory in recent months suggests a recession is increasingly likely before yearend,” said Ataman Ozyildirim, Senior Director, Economics, at The Conference Board. “The six-month growth rate of the LEI fell deeper into negative territory in September, and weaknesses among the leading indicators were widespread.”
