Conference Board News Release (07/23/15)
The Conference Board Leading Economic Index for the U.S. increased 0.6% in June to 123.6, following a 0.8% increase in May.
“The upward trend in the U.S. LEI seems to be gaining more momentum with another large increase in June pointing to continued strength in the economic outlook for the remainder of the year,” says Ataman Ozyildirim, director, business cycles and growth research, at the Conference Board. “Housing permits and the interest rate spread drove the latest gain in the LEI, while labor market indicators such as average workweek and initial claims remained unchanged.”
The Conference Board Coincident Economic Index for the U.S. increased 0.2% in June to 112.5, following a 0.2% increase in May. The Conference Board Lagging Economic Index for the U.S. increased 0.7% in June to 117.6, following a 0.1% increase in May.