Leading Economic Index crashes back down to 2020 pandemic levels

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(RTTNews) – A report released by the Conference Board on Friday showed its reading on leading U.S. economic indicators fell by more than expected in the month of May.

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The Conference Board said its leading economic index decreased by 0.5 percent in May following a 0.6 percent decline in April. Economist had expected the index to dip by 0.3 percent.

Over the six-month period between November 2023 and May 2024, the index slumped by 2.0 percent compared to the 3.4 percent contraction over the previous six months.

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