(CercleFinance.com) – The index of leading US indicators fell again in May, particularly as a result of the fall in the stock markets.
This barometer, calculated by the Conference Board employers’ organization, thus fell by 0.4% last month after having already fallen by 0.4% in April.
However, this decline is in line with economists’ forecasts.
Beyond the correction on Wall Street, the indicator was penalized by the slowdown in the residential construction sector and the deterioration in consumer prospects, explains Ataman Ozyildirim, head of economic research at the Conference Board.
“The index is still trading at levels close to its all-time highs, but it suggests that an economic slowdown is likely in the short term, knowing that the tightening of monetary policy is expected to further curb growth”, adds- he.
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