Leading Economic Indicators Up in June
Posted on: Thursday, 20 July 2006, 12:00 CDT
A key gauge of indicators that aim to predict the short-term future of the U.S. economy turned slightly more positive last month.
The Conference Board's leading economic index increased 0.1 percent, following two consecutive monthly declines, the New York group said in a statement Thursday.
The most positive contributors, beginning with the largest, were average weekly initial claims for unemployment insurance, consumer expectations, real money supply, average weekly manufacturing hours, interest rate spread and manufacturers' new orders for nondefense capital goods.
The largest negative contributors to the leading index in June were vendor performance and building permits.
From December to June, the leading index fell by 0.3 percent. Declining housing permits continued to be the largest negative contributor over this period.
Source: United Press International
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