Two of the three Conference Board Indices rose in March: the Leading Index of Manufacturers New Orders for Consumer Goods and Materials (0.09 percent) and Manufacturers of New Orders for Nondefense Capital Goods ex. The Leading Indicators continued to generate mixed signals between February and March 2023. The Lagging Indicator, meanwhile, broke above a predominance of downtrending readings in January of 2022, declining from 83 in December 2022, to 50 in January 2023, 33 in February 2023, and 66 in March.ĪIER Business Conditions Monthly (5 years) The Roughly Coincident Indicator has been in an uptrend, at varying levels, since October 2020, broken only by a reading of 50 in January 2023. Our Roughly Coincident Indicator fell from 92 to 83 in March 2023, while the Lagging Indicator rose from a moderately contractionary reading of 33, to 66. AIER’s Leading Indicator fell to 41 in March 2023 from 58 in February, ending a two-month period of moderate expansion to fall back to the contractionary levels which dominated the second half of 2022.
0 Comments
Leave a Reply. |