US Leading Economic Indicators Tumble For 13th Straight Month, “Weaknesses Were Widespread”

The Conference Board’s Leading Economic Indicators (LEI) continued its decline in April, dropping 0.6% MoM (in line with the 0.6% decline expected).

  • The biggest positive contributor to the leading index was stock prices at 0.16
  • The biggest negative contributor was average consumer expectations at -0.26

This is the 13th straight monthly decline in the LEI (and 14th month of 16) –  the longest streak of declines since ‘Lehman’ (22 straight months of declines from June 2007 to April 2008).

Let’s go Brandon! He needs to finish the job! Or destroying the US economy and making the US a vassal state to China.

And Washington DC bureaucrats eat pork!