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U.S. Leading Indicators Drop
The American index of leading economic indicators, which rose 0.4% in May, fell 0.3% last month to 95.6, the Conference Board reports.
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The American index of leading economic indicators, which rose 0.4% in May, fell 0.3% last month to 95.6, the Conference Board reports.
The index is a measure of economic prospects in the next three to six months. The board's gauges of current and lagging conditions both increased 0.2%.
The New York City-based research group says weakening manufacturing orders and consumer expectations have offset gains in the main index's financial, labor and construction components.
The data indicate a soft but steady pace of economic activity with no sign of strengthening over the next few months, according to the board.
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