9 months ago
42
US leading index for June -0.3% versus -0.2% estimate
- Prior month revised to unchanged from -0.1%
- US leading index for June -0.3% versus -0.2% estimate
- prior month revised to 0.0% from -0.1%
The leading index has been predicting a recession for a number of years now. It loses its luster as a leading index when it does not do a good job but forecast the actual economic activity.
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