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Economic Buzz: US Leading Economic Indicators Index Falls 4.4% In April
22-May-20   09:15 Hrs IST

The US Conference Board said its leading economic index or LEI fell by 4.4% in April after plunging by a revised 7.4% in March compared to the 6.7% slump originally reported for the previous month. In April, the US LEI continued on a downward trajectory, after posting the largest decline in its 60-year history in March. The coincident economic index tanked by 8.9% in April after falling by 1.5% in the previous month. However, the lagging economic index jumped by 4.1% in April after rising by 1.7% in March.

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