Major economic indicators fall for 15 straight months, pointing to looming recession

The Conference Board said Thursday that its index of leading economic indicators fell 0.7% in June, the 15th monthly decline.

The leading index uses the indicator to show whether the economy is expected to improve or worsen. Seven of these indicators fell in June.

“The leading index has fallen for fifteen straight months, the longest streak of declines since the eve of the 2023- Great Recession. All in all, the data for June suggest that economic activity will continue to decelerate in the months ahead. Tighter policy, harder credit and lower government spending will further dampen growth.