The Conference Board Leading Economic Index (LEI) for the U.S. declined 0.4% in February, following a 0.1% increase in January, and a 0.1% decline in December.
"The U.S. Leading Economic Index declined in February, but strengths and weaknesses were roughly balanced among its components," said Ken Goldstein, Economist at The Conference Board. "Financial market volatility remains strong, and the credit market freeze is relenting very slowly. The LEI suggests the recession will continue in the near term. A return to strong growth will not likely occur until 2010."
The Conference Board Lagging Economic Index (LAG) declined 0.4% in February, following a 0.3% decline in January, and a 0.1% decline in December.
to Daily News