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The Conference Board Leading
Economic Indexc
(LEI) for the
THE CONFERENCE BOARD
U.S. Increased in February
NEWS PROVIDED BY
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The Conference Board
Mar 18,2022,10.00 ET
NEW YORK, March 18,2022 [PRNewswirel
The Conference Board Leading Economic Index@ (LEI) for the US_
increased by 0.3 percent in February to 119.9 (2016 = 100), following a 0.5 percent decrease in January
a 0.8 percent
increase in December:
"The US LEI rose slightly in February, partially reversing Januarys decline;" said Ataman Ozyildirim, Senior Director of
Economic Research at The Conference Board: "However; the latest results do not reflect the full impact of the Russian
invasion of Ukraine, which could lower the trajectory for the US LEI and signal slower-than-anticipated economic growth
in the first half of the year: The global economic impact of the war on supply chains and soaring energy; food, and
metals prices-coupled with rising interest rates, existing labor shortages, and high inflation-all pose headwinds to US
economic growth While the Omicron wave
its economic impact waned in recent months, the potential for new
COVID-19 variants remains Amid these risks, The Conference Board revised its growth projection for the US economy
down to 3.0 percent year-over-year GDP growth in 2022 _ still well above the pre-pandemic growth rate; which averaged
around 2 percent:
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