Conference Board’s U.S. leading index climb 0.3 percent in June

Nathan Andrada – Fourth Estate Cooperative Contributor

New York, NY, United States (4E) – The next few months is expected to bring solid numbers for the U.S. economy, according to Conference Board’s index of leading economic indicators published Friday.

The Board’s leading index inched up 0.3 percent in June, compared with the revised gain of 0.7 percent in May, initially reported as 0.5 percent.

The latest increase was below the forecast of a 0.5 percent increase by economists polled by The Wall Street Journal, but continues a string of gains in the index.

Economists polled by The Wall Street Journal in early July forecast the economy to improve for the remainder of 2014. Analysts’ consensus view is that the real gross domestic product grew around 3 percent on annual terms in the second half of this year, compared with almost zero growth in the first two quarter of 2014.

The Conference Board’s coincident index rose 0.2 percent in June, from an unrevised 0.3 percent gain in the previous month.

The Board’s lagging index inched up 0.5 percent in June after a revised increase of 0.3 percent in May, initially reported at 0.4 percent.

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