Leading Economic Index m/m reflects a change in the composite index compiled based on a number of leading US macroeconomic indices, in the specified month compared to the previous one. The composite index smooths out the volatility of individual components and identifies the overall direction of the economy. The index is calculated by the Conference Board, the non-profit research organization.
The Leading Economic Index includes ten components:
Index growth or decline is measured in comparison with the base period as of 2016. The index benchmark in 2016 is set to 100. Therefore, if current index is 104.0, it means it has grown by 4 points.
The indicator is used for forecast purposes. Changes in the ten components included in the index calculation are considered to precede changes in the overall national economy state. Therefore it is also called the index of leading economic indicators.
Many economists closely monitor this index, which allows predicting near-term changes in the country's economy. Representatives of large businesses analyze the index dynamics when making investment decisions.
Index growth can be seen as positive for the US dollar.
The chart of the entire available history of the "The Conference Board United States Leading Economic Index m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.