Says Ataman Ozyildirim, economist at The Conference Board: “The LEI remains on a general upward trend, but it is growing at its slowest pace since the middle of 2009. There isn’t any indication of a relapse into another downturn through the end of the year.”Says Ken Goldstein, economist at The Conference Board: “More than a year after the recession officially ended, the economy is slow and has no forward momentum. The LEI suggests little change in economic conditions through the holidays or the early months of 2011.”
Note that only three of the ten components decreased last month, subtracting from the growth.
There are two periods of growth for the LEIs. The first is a sharp upward move that started towards the end of the last recession. THe second is a slightly less sharp increase that started a few months ago, and corresponds to a period of slower growth.
