Leading indicators jump past expectations in June
Source: CNBC
Leading indicators up 0.6% in June, vs. expectations for 0.2% gain
Reem Nasr | @reemanasr
45 Mins Ago
An indicator of U.S. economic activity jumped in June, widely surpassing analyst expectations and suggesting a stronger economic outlook.
The Conference Board said Thursday its Leading Economic Index rose 0.6 percent to 123.6 in June following a revised reading of an 0.8 percent increase in May, and a 0.6 percent increase in April. Analysts polled by Thomson Reuters forecast that the leading indicators index inched up 0.2 percent in June.
"The upward trend in the US 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," said Ataman Ozyildirim, economist at the Conference Board, in the press release. ... "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 LEI is comprised of 10 components including manufacturer' new orders, stock prices, and average weekly initial claims for unemployment insurance. The full report is available at The Conference Board.
Read more: http://www.cnbc.com/2015/07/23/leading-indicators-up-06-in-june-vs-expectations-for-02-gain.html
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(376 posts)mahatmakanejeeves
(57,725 posts)Beauregard
(376 posts)You would have fit right in with the Stasi!
Gothmog
(145,821 posts)hibbing
(10,113 posts)Always, Republicans get in power, tax cuts for the 1%, along with support from many of their Democratic counterparts, and all the other crap they always do, then a Democrat has to come to power for the mess to get straightened out, then the people forget who got us in the mess to begin with and elect another Republican promoting the same policies...sigh.
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