Conference Board News Release (08/20/15)
The Conference Board Leading Economic Index for the U.S. declined 0.2% in July to 123.3, following a 0.6% increase in June.
“The U.S. LEI fell slightly in July, after four months of strong gains. Despite a sharp drop in housing permits, the U.S. LEI is still pointing to moderate economic growth through the remainder of the year,” says Ataman Ozyildirim, director of business cycles and growth research at the Conference Board. “Current conditions, measured by the coincident economic index, have been rising moderately but steadily, driven by rising employment and income, and even industrial production has improved in recent months.”
Meanwhile, the Conference Board Coincident Economic Index for the U.S. increased 0.2% in July to 112.5, following a 0.2% increase in June. The Conference Board Lagging Economic Index for the U.S. increased 0.3% in July to 118.1, following a 0.7% increase in June.