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Monday, July 20, 2009

Conference Board Indicators Increase in June

by Calculated Risk on 7/20/2009 09:56:00 AM

From the Conference Board:

The Conference Board Leading Economic Index™ (LEI) for the U.S. increased 0.7 percent, The Conference Board Coincident Economic Index™ (CEI) decreased 0.2 percent ... The Conference Board LEI for the U.S. has risen for three consecutive months now ... With these large and widespread gains, its six month growth has picked up to the highest rate since the first quarter of 2006. Meanwhile, The Conference Board CEI for the U.S., measuring current economic activity, remains on a downtrend, but the pace of its decline has moderated somewhat in recent months. All in all, the behavior of the composite indexes suggest that the recession will continue to ease and that the economy may begin to recover in the near term.
This isn't something I follow very closely, but I'm curious to see when (or if) they try to call the end of the recession. The Conference Board was still saying "sluggish economic growth will likely continue in the near term" even after the recession started - so this might not be useful for turning points.