Yesterday, the July report for the Leading Economic Indicators I came in up more than expected at .9% from .5% the month before. This gauge hopes to forecast the economy’s strength or weakness in the coming months. It is produced by the Conference Board. It is made up of 10 components and for July all of them pointed upward.
The Conference Board stated that the economy in 2021 is expected to grow 6% year over year and that it will fall to a more normal number in 2022 to 4% growth.
There is also coincident and lagging economic indexes released at the same time as the LEI but few pay attention to them. If you want more information about them, go to the Conference Board web site