Conference Board News Release (08/21/14)
The Conference Board Leading Economic Index for the U.S. increased 0.9% in July to 103.3, following a 0.6% increase in June. The Coincident Economic Index for the U.S. increased 0.2% in July to 109.6, following a 0.3% increase in June. The Lagging Economic Index for the U.S. increased 0.2% in July to 124.6, following a 0.5% increase in June.
“The pace of economic activity remained reasonably strong in July,” says Ken Goldstein, economist at the Conference Board. “Although retail sales were a little disappointing, hiring and industrial activity improved. July’s increase in the LEI, coupled with its accelerating growth trend, points to stronger economic growth over the coming months.”
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