According to BlockBeats, on December 6, KobeissiLetter released data showing that the leading economic indicators in the United States continue to deteriorate, with the ratio of leading economic indicators to coincident economic indicators dropping to 0.85, the lowest since 2008.
The Conference Board Leading Economic Index (LEI) tracks forward-looking data, including consumer expectations and new manufacturing orders. At the same time, the Coincident Economic Index (CEI) measures current economic conditions, such as non-farm payrolls. Historical data shows that whenever this ratio drops significantly, the U.S. economy is typically in a recession.
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According to BlockBeats, on December 6, KobeissiLetter released data showing that the leading economic indicators in the United States continue to deteriorate, with the ratio of leading economic indicators to coincident economic indicators dropping to 0.85, the lowest since 2008.
The Conference Board Leading Economic Index (LEI) tracks forward-looking data, including consumer expectations and new manufacturing orders. At the same time, the Coincident Economic Index (CEI) measures current economic conditions, such as non-farm payrolls. Historical data shows that whenever this ratio drops significantly, the U.S. economy is typically in a recession.