By Matthew Kerkhoff
At least that’s what the latest update from The Conference Board says. Released yesterday, the figures for June suggest that not only is the US economy improving, it will continue to do so.
The Conference Board’s Leading Economic Index (LEI) has a strong history of accurately predicting periods of weakness in the economy (see chart below). It accomplishes this by aggregating 10 leading indicators that generally turn first when an economic slowdown is approaching.