The Conference Board Leading Economic Index fell -1.0% MoM in April to 99.4, the largest monthly drop since March 2023, and is down -2.0% over the past six months.

• March’s LEI decline was revised down to -0.8% MoM from the initially reported -0.7%.
• Consumer expectations worsened for the fourth consecutive month, and building permits and manufacturing hours turned negative.
• The Coincident Economic Index rose 0.1% MoM to 114.8 and is up 1.1% over the past six months.
• The Lagging Economic Index increased 0.3% MoM to 119.3, reversing a previous six-month decline with a +0.8% gain over the latest six months.
• The Conference Board expects US GDP to grow 1.6% in 2025, down from 2.8% in 2024, with Q3 likely bearing the brunt of tariff impacts.