The Conference Board’s overall U.S. economic index rose in June

By: Trademagazin editor Date: 2021. 07. 26. 11:00

The value of the Conference Board Economic Research Institute’s comprehensive U.S. economic indicator rose in June, but less than in previous months.

According to a report released by the institute on Thursday, the value of the Leading Economic Index (LEI) increased by 0.7 percent to 115.1 points. Analysts expected a slightly stronger pace of 0.9 percent after 1.2 percent in May and 1.3 percent in April.

The 100-point LEI value reflects the 2016 situation.

The value of the sub-indicator, which reflects the assessment of the current situation, increased by 0.4 percent, to 105.5 points after an increase of 0.5 percent in May and 0.1 percent in April. However, the sub-index showing future expectations stagnated at 105.8 points after rising 0.6 percent in May and 3 percent in April. (MTI)