The Leading Economic Index increased 0.2% in May, while most of the components strengthened, the recent moderation in the index suggests restrained economic growth ahead explained analysts at Wells Fargo. Key Quotes: “The LEI grew 0.2 percent in May, indicating economic growth is likely to continue through the end of 2018. However, the recent slowing we have seen in the index’s growth suggests that economic activity is not likely to accelerate.” “Detractors from the index were related to the labor market and construction.” “Despite the seemingly unstoppable ascent of the index, the growth in the past three months is the softest since September 2017. The recent moderation in the index’s growth suggests future economic growth will follow suit.” 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 Litecoin Technical Analysis: LTC/USD bulls looking to storm back ahead towards $100, after receiving vital support at session low of $95.87 FX Street 3 years The Leading Economic Index increased 0.2% in May, while most of the components strengthened, the recent moderation in the index suggests restrained economic growth ahead explained analysts at Wells Fargo. Key Quotes: "The LEI grew 0.2 percent in May, indicating economic growth is likely to continue through the end of 2018. However, the recent slowing we have seen in the index's growth suggests that economic activity is not likely to accelerate." "Detractors from the index were related to the labor market and construction." "Despite the seemingly unstoppable ascent of the index, the growth in the past three months is the… Top 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.
