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.
