The Conference Board's Leading Economic Index (LEI) fell by 0.1% in May, aligning with the median forecast. The index now stands at 99. Predictions from 22 economists varied, ranging from a decline of 0.3% to an increase of 0.7%. In comparison, the LEI dropped by 1.4% in April and 0.7% in March. Over the past six months, the annualized rate of decline for the LEI has been 5.2%.
Meanwhile, the Coincident Economic Index (CEI) saw a slight rise of 0.1% in May, following a 0.2% increase in April. The Lagging Economic Index (LAG) increased by 0.4% in May, up from a 0.3% rise in April.
