The Leading Economic Index increased 0.5% in June, resuming its upward ascent, noted analysts at Wells Fargo. The mentioned that the strength in the underlying components of the index remained broad-based, signaling continued growth in the U.S. economy. Key Quotes: “The Leading Economic Index (LEI) increased 0.5 percent in June, following no change in May. The renewed strength in the index signals continued growth in the second half of 2018.” “Seven of the additional nine components contributed positively to the overall index. The ISM New Orders Index remained solid in May, suggesting forthcoming production. The slight rise in the consumer goods orders component, a measure of manufacturers’ comfort with inventory levels, could signal some relief to recent supply chain tightness. The LEI remains supportive of our call of 3.1 percent GDP growth this year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Trump gives GBP/USD bears a surprise gift in a fading opportunity back at 1.3040 FX Street 5 years The Leading Economic Index increased 0.5% in June, resuming its upward ascent, noted analysts at Wells Fargo. The mentioned that the strength in the underlying components of the index remained broad-based, signaling continued growth in the U.S. economy. Key Quotes: "The Leading Economic Index (LEI) increased 0.5 percent in June, following no change in May. The renewed strength in the index signals continued growth in the second half of 2018." "Seven of the additional nine components contributed positively to the overall index. The ISM New Orders Index remained solid in May, suggesting forthcoming production. The slight rise in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
