The Conference Board Leading Economic Index® (LEI) fell 0.3% in February following a 0.3% decline in January. February saw the eleventh consecutive monthly decline in the index. During the six-month period from August 2022 through February 2023, the LEI declined 3.6% versus a 3.0% decline in the prior six-month period. Eight of the ten LEI indicators were either negative or flat. Stock prices and residential building permits were the two positive components.

Source: The Conference Board

The Coincident Economic Index (CEI) increased 0.1% in February following a 0.2% increase in January. The CEI is up 0.6% over the prior six-month period. That is slightly lower than the 0.7% increase during the prior six-month period. Three of the four CEI components improved in February while industrial production was flat.