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 indicator includes 10 indices describing the labor market, industrial production, real estate market, credit sector, currency regulation and consumer sentiment.
The indicator is used to forecast the economy development.
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.