For the first time since February 2022, US Leading Economic Indicators was positive in November (post-election)...
Source: Bloomberg
Building Permits and Stock prices were the biggest positive contributors to the main index while ISM New Orders and the Yield Curve were still notable drags...
Source: Bloomberg
With November’s gain, the LEI no longer signals an impending recession...
"Overall, the rise in LEI is a positive sign for future economic activity in the US," said Justyna Zabinska-La Monica, Senior Manager, Business Cycle Indicators, at The Conference Board, adding "The Conference Board currently forecasts US GDP to expand by 2.7% in 2024, but growth to slow to 2.0% in 2025.“
Trump effect?
