[Washington = AP/Newsis] U.S. President Joe Biden speaks about domestic manufacturing and electric vehicles at the South Court Auditorium of the White House on the 8th. President Biden said that the manufacturing industry is starting to recover due to active manufacturing investment in the United States, and that he will invest $5 billion to install charging stations for electric vehicles across the country. 2022.02.09
[Seoul=Newsis] Reporter Jaejoon Lee = Februarys leading economic index, which shows US economic trends, was 119.9, up 0.3% from the previous months revision, CNBC and Associated Press reported on the 18th.
According to the media, the conference board specializing in market research announced on the same day that the leading economic index in February had recovered like this from January, when it fell 0.5%.
The increase was in line with market expectations compiled by the Dow Jones. The economy continued to expand despite uncertainties caused by tightening financial policy and Russias invasion of Ukraine.
The Conference Board noted that the leading economic index improved as the spread of COVID-19 micron mutations weakened in February.
However, the Conference Board analyzed that the February index did not fully reflect the impact of the Russian invasion of Ukraine.
The Conference Board said that, in addition to rising interest rates, labor shortages and staggering inflation, war-induced disruptions in global supply chains and soaring energy, food and metal prices are acting as headwinds. lowered
The coincident index for February recorded 108.0, up 0.4% from the previous month, and the delayed index recorded a flat 110.3, respectively.