The U.S. Conference Board Leading Economic Index for March decreased by 0.7%, marking the largest drop since October 2023.

BlockBeats News, April 21st, the US March Leading Economic Index (LEI) month-over-month recorded -0.7%, marking the largest decline since October 2023. (IG)

The Leading Economic Index is a forward-looking indicator system used to predict economic cycle changes. It is published by The Conference Board and consists of 10 economic variables that reflect future economic trends over the next 3-6 months. A continuous decline in the index may indicate a risk of economic recession, while an increase suggests an expansion signal.