facebook
twitter
rss
account
search
search
 

U.S. leading indicators rose in July

Aug. 22, 2013 at 3:19 PM   |   Comments

NEW YORK, Aug. 22 (UPI) -- The U.S. index of leading economic indicators rose 0.6 percent in July, climbing from 95.3 to 96, the Conference Board said Thursday.

The Leading Economic Index rose after falling flat in June and rising 0.2 percent in May and 0.8 percent in April.

The index is essentially a comparison to economic conditions in 2004, which have been assigned a value of 100.

"Following moderate growth in the last few months, the U.S. LEI picked up in July, with widespread gains among its components," said Conference Board economist Ataman Ozyildirim in a statement.

"The pace of the LEI's growth over the last six months has nearly doubled, pointing to a gradually strengthening expansion through the end of the year. In July, average workweek in manufacturing was the weakest component," Ozyildirim said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Freedom variant LCS takes to water Freedom variant LCS takes to water
2
MDA demos tracking, targeting capability of Aegis MDA demos tracking, targeting capability of Aegis
3
Iraq seeks thousands of tank rounds Iraq seeks thousands of tank rounds
4
CNN absent from the Dish Network lineup CNN absent from the Dish Network lineup
5
Australia upgrading Tiger helos; receives MH-60R from U.S. Australia upgrading Tiger helos; receives MH-60R from U.S.
Trending News
Around the Web
x
Feedback