US leading economic index falls 0.2 percent in June

WASHINGTON, July 22 (BestGrowthStock) – A gauge of the U.S.
economy’s prospects fell in June, a private research group said
on Thursday, hinting at slower growth in the months ahead.

The Conference Board said its index of leading economic
indicators slipped 0.2 percent to 109.8 after increasing 0.5
percent in May.

Analysts polled by Reuters had expected a 0.3 percent fall
in June from a previously reported 0.4 percent gain.

“The indicators point to slower growth through the fall.
Improvement in the industrial core of the economy will moderate
as inventory rebuilding slows,” said Ken Goldstein, an
economist at the Conference Board.

“Improvement in the services sector has been relatively
slow, with little indication that it will pick up momentum.”

The coincident index, which measures current economic
conditions, was unchanged last month after rising 0.5 percent
in May. The lagging index edged up 0.1 percent after slipping
0.1 percent in May.

Stock Market Today
(Reporting by Lucia Mutikani; Editing by Theodore d’Afflisio)

US leading economic index falls 0.2 percent in June