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U.S. Leading Economic Index Move Sideways
The index of leading economic Indicators, a gauge of future U.S. growth, was unchanged from May to June at 95.3, the New York City-based Conference Board reports.
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The index of leading economic Indicators, a gauge of future U.S. growth, was unchanged from May to June at 95.3, the New York City-based Conference Board reports.
Gains in consumer expectations, lower unemployment claims and favorable financial indicators were offset by declines in building permits, new orders and stock prices, according to the research group. It says the economy's biggest uncertainties involve the pace of business investment, consumer spending power and the impact of slower global growth on America's exports.
But the board notes that the index's six-month growth rate remains positive, thus suggesting that the economy will continue expanding through the end of this year.
The group's measures of current and lagging indicators, which both rose in April and May, did so again in June.
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