Advertisement

U.S. leading economic indicators down

NEW YORK, June 22 (UPI) -- U.S. leading economic indicators fell last month 0.6 percent, an industry group said Thursday.

The Conference Board said its leading index of economic variables "decreased sharply in May, the third decline in the last six months," largely as a result of high jobless claims and low consumer expectations.

Advertisement

"From November to May, the leading index fell by 0.2 percent and declining housing permits made the largest negative contribution over this period. In addition, the strengths and weaknesses among the leading indicators have gradually become more balanced in recent months."

Latest Headlines

Advertisement

Trending Stories

Advertisement

Follow Us

Advertisement