- Analytics
- News and Tools
- Market News
- U.S. Leading Economic Index increases less than anticipated in June
U.S. Leading Economic Index increases less than anticipated in June
The Conference
Board announced on Thursday its Leading Economic Index (LEI) for the U.S. rose 2.0
percent m-o-m in June to 102.0 (2016 = 100), following a revised 3.2 percent
m-o-m advance in May (originally a 2.8 percent m-o-m gain).
Economists had
forecast an increase of 2.1 percent m-o-m.
“The June
increase in the LEI reflects improvements brought about by the incremental reopening
of the economy, with labor market conditions and stock prices in particular
contributing positively,” noted Ataman Ozyildirim, Senior Director of Economic
Research at The Conference Board. “However, broader financial conditions and
the consumers’ outlook on business conditions still point to a weak economic
outlook. Together with a resurgence of new COVID-19 cases across much of the
nation, the LEI suggests that the US economy will remain in recession territory
in the near term.”
The report also
revealed the Conference Board Coincident Economic Index (CEI) for the U.S. went
up 2.5 percent m-o-m in June to 96.7, following a 1.6 percent m-o-m increase in
May. Meanwhile, its Lagging Economic Index (LAG) for the U.S. declined 2.5
percent m-o-m in June to 110.8, following a 1.2 percent m-o-m drop in May.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
