Leading US Economic Indicator Continues to Decline in March, Predicts ‘Slowing Economic Activity Ahead’

The data does not indicate that the United States is in a recession, an analyst says.

People walk past small businesses in Doylestown, Pa., on Nov. 4, 2021. Matt Rourke/AP Photo

The Conference Board Leading Economic Index (LEI) fell by 0.7 percent in March to 100.5, continuing the declining trend seen in February, the think tank said in an April 21 statement.

LEI offers an early indication of where the economy is headed over the coming months.