Leading Economic Indicators Exceed Expectations for June
July 27, 2018
The Conference Board’s Leading Economic Index was up half a percent in June, beating expectations. The measurement is a checkpoint for U.S. economic conditions and a forecast of global economic trends.
The index rose 0.5 percent in June, beating past expectations of a 0.4 percent gain, according to economists. This marks the eighth straight month of gains for the index.
May’s flat reading suggested that economic growth would continue steadily but not accelerate, according to the Conference Board’s report.