The Conference Board Leading Economic Index® (LEI)for the U.S. increased 0.6% in July to 110.7 (2016 = 100), following a 0.5% increase in June, and a 0.1% increase in May.
“The U.S. LEI increased in July, suggesting the US economy will continue expanding at a solid pace for the remainder of this year,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The strengths among the components of the leading index were very widespread, with unemployment claims, the financial components, and the ISM® New Orders Index making the largest positive contributions.”
The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.2% in July to 104.2 (2016 = 100), following a 0.3% increase in June, and a 0.1% increase in May.
The Conference Board Lagging Economic Index® (LAG) for the U.S. declined 0.2% in July to 105.2 (2016 = 100), following a 0.2% increase in June and a 0.5% increase in May.
