The leading economic index of the US has fallen in May for 0.1 points from April to 99, the New York Conference Board reported today.
The index fell 1.4 percent on a monthly level, according to the revised data for April.
“The leading economic index fell in May, but only light. The positive contribution of the index values were given to stock exchange indices from April Falts,” Justyna Zabinska-La Monica, director of business indicators in Conference Board.
It warned that the mood of the consumer was still weak, the production industry faces smaller orders, and the number of requests for building permits for apartments and houses also fell, seebiz.
The index now provides a recession for the American economy, although the Conference Board believes that only the significant slowdown in economic growth compared to last year will occur.
The Conference Board expects GDP to increase this year by 1.6 percent, and the negative effects of customs will slow the economy even in 2026. years. Years.
