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The Conference Board
Leading Economic Index@
THE CONFERENCE BOARD
(LEI) for the U.S: Increased
in February
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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 U.S increased by 0.3 percent in February to
119.9 (2016 = 100) , following
0.5 percent decrease in January and 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,
metals prices-coupled with rising interest rates,
existing labor shortages, and high inflation-all pose headwinds to US
economic growth: While the Omicron wave and 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:"
and