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U.S. Leading Economic Index declined 0.3% in June
The Conference Board Leading Economic Index® (LEI) for the U.S. declined 0.3 percent in June to 111.5 (2016 = 100), following no change in May, and a 0.1 percent increase in April.
“The US LEI fell in June, the first decline since last December, primarily driven by weaknesses in new orders for manufacturing, housing permits, and unemployment insurance claims,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “For the first time since late 2007, the yield spread made a small negative contribution. As the US economy enters its eleventh year of expansion, the longest in US history, the LEI suggests growth is likely to remain slow in the second half of the year.”
The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.1 percent in June to 105.9 (2016 = 100), following a 0.2 percent increase in May, and no change in April.
The Conference Board Lagging Economic Index® (LAG) for the U.S. increased 0.6 percent in June to 107.7 (2016 = 100), following a 0.2 percent decline in May and no change in April.
Posted: July 18, 2019 Thursday 10:00 AM