The U.S. Conference Board Leading Economic Index for March recorded a month-on-month decline of -0.7%, the largest drop since October 2023

ChainCatcher news, according to Jinshi reports, the U.S. Conference Board Leading Economic Index for March recorded -0.7%, the largest decline since October 2023.
The Leading Economic Index is a forward-looking indicator system used to predict changes in economic cycles, published by The Conference Board, and includes 10 economic variables that reflect future economic trends over the next 3-6 months through comprehensive data. When the index declines consecutively, it may indicate a risk of economic recession; conversely, it suggests signals of expansion.