Recession Drum Beats Louder as Leading Economic Index Falls for 5th Month Straight

Recession Drum Beats Louder as Leading Economic Index Falls for 5th Month Straight
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on June 22, 2022. Brendan McDermid/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
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America’s recessionary drumbeat just got louder as a key economic gauge from the Conference Board dropped for the fifth month in a row, weighed down by a slowing job market, weak manufacturing new orders, and deep consumer pessimism.

The Leading Economic Index (LEI) for the United States, which is a forward-looking gauge designed to predict business cycle shifts including recessions, fell by 0.4 percent in July, following a 0.7 percent drop in June, the Conference Board said on Aug. 18.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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