Signs of Economic Resilience in May

U.S. economic data improved in May on balance, even as investors battled a resurgence in U.S.-China trade tensions. Leading indicators signaled low odds of a recession in the coming year. The Conference Board’s Leading Economic Index (LEI) rose 2.7% year over year in April. As a reminder, April’s reading was its slowest pace of year-over-year growth since February 2017. Still, the LEI is squarely in positive territory, which shows that leading data are signaling growth.

May 2019 Market Insight