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    18.02.2016 15:12 U.S. leading economic index falls 0.2% in January

    The Conference Board released its leading economic index (LEI) for the U.S. on Thursday. The leading economic index fell 0.2% in January, missing expectations for a 0.2% decrease, after a 0.3% decline in December. December's figure was revised down from a 0.2% fall.

     

    The coincident economic index rose 0.3% in January, after a 0.1% gain in December.

     

    "The U.S. LEI fell slightly in January, driven primarily by large declines in stock prices and further weakness in initial claims for unemployment insurance. Despite back-to-back monthly declines, the index doesn't signal a significant increase in the risk of recession, and its six-month growth rate remains consistent with a modest economic expansion through early 2016," director of business cycles and growth research at The Conference Board, Ataman Ozyildirim, said.


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