8.20.21 Leading Indicators Forecasting Continued Growth
With increased concerns about the Delta variant, high inflation, and recent misses on economic data, it can be easy to forget that we’re still in the middle of a robust economic recovery and leading indicators continue to support a positive outlook. On Thursday, August 19, the Conference Board released its July 2021 report detailing the latest reading of its Leading Economic Index (LEI), a composite of ten data series that tend to lead changes in economic activity. The index rose 0.9% month over month in July, accelerating from June and ahead of the consensus expectation, signaling strong potential for continued solid growth. Breadth wa
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