December Report:
- CB Consumer Confidence Leading Index Change MoM Actual -0.1% (Forecast -0.3%, Previous -0.5%)
In December 2023, the Conference Board Leading Economic Index for the US slightly decreased by 0.1% to 103.1, continuing a trend of economic weakness, with a 2.9% contraction over the last six months of the year. This decline was attributed to challenges in manufacturing, high interest rates, and low consumer confidence, despite positive contributions from six out of ten leading indicators. The risk of recession remains, with expectations of negative GDP growth in Q2 and Q3 of 2024, but a recovery is anticipated towards the end of the year.
Source: xStation 5
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