22 Aug 2013
US: CB leading index rises 0.6% in July
FXstreet.com (Córdoba) - The Conference Board leading economic index for the US rose 0.6% in July to 96.0, according to data released on Thursday.
This reading comes slightly above the 0.5% increase expected by analysts and the 0.0% printed in June.
"The improvement in the LEI, and pick up in the six-month growth rate, suggest better economic and job growth in the second half of 2013," says Ken Goldstein, Economist at The Conference Board. "However, the biggest uncertainties remain the pace of business spending and the impact of slower global growth on U.S. exports".
This reading comes slightly above the 0.5% increase expected by analysts and the 0.0% printed in June.
"The improvement in the LEI, and pick up in the six-month growth rate, suggest better economic and job growth in the second half of 2013," says Ken Goldstein, Economist at The Conference Board. "However, the biggest uncertainties remain the pace of business spending and the impact of slower global growth on U.S. exports".