US Leading Indicators Tumble For 19th Straight Month, Worst Streak 'Since Lehman'
The Conference Board's Leading Economic Indicators (LEI) continued its decline in October, dropping 0.8% MoM (worse than the 0.7% decline expected).
The biggest positive contributor to the leading index was building permits at +0.03
The biggest negative contributor was ISM N new orders and average consumer expectations both at -0.22
This is the 19th straight MoM decline in the LEI (and 18th month of 19) - the longest streak of declines since 'Lehman' (22 straight months of declines from June 2007 to April 2008)
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