USA: first rise in leading indicators since 2022

(CercleFinance.com) - Defying forecasts, the index of leading indicators rose in the United States in November, the Conference Board employers' organization reported on Thursday.


The index rose by 0.3% to 99.7 last month, whereas economists were forecasting a 0.1% fall on average, following on from the 0.4% decline recorded in October.

In a press release, the ConfBoard points out that this is the first rise in the index since February 2022.

Justyna Zabinska-La Monica, an economist at the Conference Board, explains: "The rebound in building permits, the buoyant effect of rising equity markets, the increase in the number of hours worked in the manufacturing sector and the fall in jobless claims boosted the leading indicators in November.

According to the trade association's calculations, US growth should thus reach 2.7% this year, before slowing to around +2% next year.

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