The US Leading Economic Index fell sharply in April, dropping for a fifth straight month, the Conference Board reported. “The US LEI registered its largest monthly decline since March 2023, when many feared the US was headed into recession, which did not ultimately materialize,” said Justyna Zabinska-La Monica, senior manager, business cycle indicators, at the consultancy. The six-month growth rate for the index declined further in April, but remained slightly above the recession signal threshold.
