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<p>The Leading Economic Index (LEI) from the Conference Board gained 0.7% last month on positive contributions from eight of its ten leading components. &nbsp;As a result, the LEI has reached another new high, which bodes well for near-term economic growth. &nbsp;Typically, the LEI signals a heightened risk of recession when it crosses below its critical 18-month moving average (black arrows on graph).&nbsp; It is worth noting that growth in the LEI slowed in June as reopening effects begin to fade, but for now the economic recovery remains on track.</p>
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<div class="wp-block-image"><figure class="aligncenter size-large"><img src="https://ns2020-investech.investech.com/wp-content/uploads/2021/07/LEI.jpg" alt="" class="wp-image-9693"/></figure></div>
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