U.S. Conference Board's Leading Index Sees Largest Drop Since October 2023

According to Odaily, the U.S. Conference Board's Leading Economic Index recorded a monthly rate of -0.7% in March, marking the largest decline since October 2023. This index, published by the Conference Board, is a forward-looking system designed to predict changes in economic cycles. It comprises ten economic variables and provides insights into economic trends for the next three to six months. A continuous decline in this index may indicate a risk of economic recession, while an increase suggests potential economic expansion.