The index of leading indicators in the USA fell more than expected in January, due in particular to a decline in the number of hours worked in manufacturing, suggesting that the US economy is slowing down, announced the Conference Board employers’ organization on Tuesday.

This leading index, which foreshadows the general economic trend for the coming months, fell by 0.4% in January, to 102.7, following a 0.2% decline in December.

Economists were anticipating a more limited decline, of around 0.2%.

Justyna Zabinska-La Monica, ConfBoard economist, nevertheless points out that for the first time in two years, the positive contributors to the statistics, numbering six, outweighed the negative factors, of which there were only four.

As a result, the Conference Board says it no longer anticipates a recession in the US this year, but warns that growth will slow to near-zero levels in the second and third quarters.

Join the discussion: Connect with other investors on your favorite stocks or explore the top-talked-about stocks on our Breakout Boards.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Some portions of this content may have been generated or assisted by artificial intelligence (AI) tools and been reviewed for accuracy and quality by our editorial team.