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Leading index edges up in June

July 21 2008

The Conference Board's U.S. leading index of economic indicators rose 0.1% in June and now stands at 101.7. The index fell 0.2% in May and rose 0.1% in April.

Four of the 10 leading indicators increased in June. They were building permits, interest rate spread, index of supplier deliveries (vendor performance) and manufacturers' new orders for consumer goods and materials. The negative contributors were real money supply, stock prices, average weekly initial claims for unemployment insurance (inverted), average weekly manufacturing hours, index of consumer expectations and manufacturers' new orders for nondefense capital goods.

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