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For Release 10:00 AM ET, May 15, 2026
Using the Composite Indexes: The Leading Economic Index (LEI) provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term. The Coincident Economic Index (CEI) provides an indication of the current state of the economy. Additional details are below.
Next month’s release of the composite economic indexes will incorporate annual benchmark revisions which bring them up to date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result, the revised indexes, in levels and month-on-month changes, will not be directly comparable to those issued prior to the benchmark revision.
For more information, please visit conference-board.org/topics/business-cycle-indicators/ or contact us at indicators@tcb.org.
The Conference Board Leading Economic Index® (LEI) for Brazil, together with Fundação Getulio Vargas, increased by 0.7% in April 2026 to 124.7 (2016=100), only partially reversing a 1.0% decline in March. The LEI expanded by 3.1% over the six-month period between October 2025 and April 2026, a substantially faster rate of growth than 0.5% increase over the previous six-month period between April and October 2025.
The Conference Board Coincident Economic Index® (CEI) for Brazil, together with Fundação Getulio Vargas, inched up by 0.3% to 117.5 (2016=100) in April 2026, following a flat reading in March. The CEI expanded by 1.0% over the six-month period between October 2025 and April 2026, a similar pace of growth compared to 1.1% over the previous six-month period.
The next release is scheduled for Monday, June 15, 2026 at 10 A.M. ET.
*CODACE has determined that the recession beginning in September 2020 ended in the second quarter of 2020. We will update our business cycle chronology when the monthly trough date is available.
*CODACE has determined that the recession beginning in September 2020 ended in the second quarter of 2020. We will update our business cycle chronology when the monthly trough date is available.
About The Conference Board Leading Economic Index® (LEI) and Coincident Economic Index® (CEI) for Brazil
The composite economic indexes are key elements in an analytic system designed to signal peaks and troughs in the business cycle. Comprised of multiple independent indicators, the indexes are constructed to summarize and reveal common turning points in the economy in a clearer and more convincing manner than any individual component.
The CEI reflects current economic conditions and is highly correlated with real GDP. The LEI is a predictive tool that anticipates—or “leads”—turning points in the business cycle by around six months.
The eight components of the Leading Economic Index® for Brazil are:
The six components of the Coincident Economic Index® for Brazil are:
To access data, please visit: https://data-central.conference-board.org/
About The Conference Board
The Conference Board is the Member-driven think tank that delivers Trusted Insights for What's Ahead®®. Founded in 1916, we are a non-partisan, not-for-profit organization holding 501 (c) (3) tax-exempt status in the United States. TCB.org l Learn about Membership
ABOUT FGV IBRE
Created in 1944, FGV is a Brazilian private higher education institution, think tank and producer of statistics, with a mission "to foster Brazil’s socioeconomic development." The Brazilian Institute of Economics (IBRE) is FGV´s arm with the mission to produce and disseminate high-quality economic statistics and studies that are relevant to improve policies and private action in Brazil. www.fgv.br/ibre
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