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U.S. Leading Economic Indicators Holding Steady

July 18, 2013
Economic Indicators

An index of leading economic indicators in the United States remained unchanged in June, a business think tank reported Thursday.

The New York-based Conference Board's index, which compiles 10 economic indicators of the US economy's direction for the next three to six months, held steady at a mark of 95.3, compared to a 2004 benchmark of 100.

The Conference Board pointed to declines in building permits, new manufacturing orders and the stock market, which were offset by increases in consumer expectations, fewer new unemployment claims and other advances. It said the economy was likely to continue expanding through year's end.

The index had increased 0.2 percent in May and 0.8 percent in April.

"Some segments of the economy are turning around faster than others, resulting in positive but moderate growth," economist Ken Goldstein said in a statement. "The biggest uncertainties remain the pace of business spending, the improvements in consumer spending power and the impact of slower global growth on US exports."

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Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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