“The Conference Board Leading Economic Index ® (LEI)for theU.S. increased 0.5 percent in June to 109.8 (2016 = 100), following no change in May, and a 0.4 percent increase in April,” the Conference Board reported on Thursday.
Key quotes from Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board:
- The U.S. LEI increased in June, pointing to continuing solid growth in the U.S. economy.
- The widespread growth in leading indicators, with the exception of housing permits which declined once again, does not suggest any considerable growth slowdown in the short-term.
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