A key indicator that gauges the health of the American economy fell for the tenth straight month in December, exceeding forecasts and suggesting a potential recession in the months ahead.
The Conference Board Leading Economic Index (LEI) for the United States declined by 1 percent, to 110.5 in December, following a 1.1 percent decrease in November, according to a press release on Jan. 23. For the six-month period between June and December, the LEI has registered a decline of 4.2 percent, which is a “much steeper rate of decline” compared to the 1.9 percent decrease in the previous six months.
