【U.S. Leading Indicators Rebound in November, Positive Signals for Economic Recovery】According to Golden Finance, the U.S. Conference Board Leading Economic Index increased by 0.3% in November, almost reversing the 0.4% decline in October. Over the six-month period from May to November 2024, the Leading Index fell by 1.6%, slightly lower than the 1.9% drop in the previous six months (November 2023 to May 2024). Justyna Zabinska-La Monica, Senior Manager of Business Cycle Indicators at the Conference Board, stated that the U.S. economic indicators rose for the first time since February 2022. The increase in building permits, sustained support from the stock market, improvements in manufacturing average work hours, and a decrease in initial jobless claims all contributed to the rise of this index. Overall, the rise in the index is a positive sign for future economic activity in the U.S. It is currently expected that U.S. GDP will grow by 2.7% in 2024, but the growth rate is expected to slow to 2.0% in 2025.
