NEW YORK, Aug. 18, 2016 -- The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.4% in July to 124.3 (2010 = 100), following a 0.3% increase in June, and a 0.2% decline in May.

"The U.S. LEI picked up again in July, suggesting moderate economic growth should continue through the end of 2016," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "There may even be some moderate upside growth potential if recent improvements in manufacturing and construction are sustained, and average consumer expectations don't deteriorate further."

The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.4% in July to 113.9 (2010 = 100), following a 0.2% increase in June, and a 0.1% decline in May.

The Conference Board Lagging Economic Index® (LAG) for the U.S. increased 0.1% in July to 121.8 (2010 = 100), following a 0.1% decline in June, and a 0.4% increase in May.