Posted 10/19/2023, 2:04:00 PM
Leading Economic Indicators Decline for 18th Month, Raising Recession Concerns Despite Current Growth
- Leading economic index fell 0.7% in September, marking 18th straight monthly decline
- Index decline typically signals recession, but economy still expanding and GDP growth strong
- Coincident index rose 0.3% in September, indicating current conditions still solid
- 9 of 10 indicators in leading index were flat or declined last month
- Forecasters predict shallow recession likely in first half of 2024 despite economy's resilience so far
