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The U.S. leading economic index was unchanged in June following increases in the two prior months, The Conference Board reported today. However, the index’s six-month growth rate remains positive, suggesting the economy will continue expanding through the end of the year. The index remained at 95.3 in June (2004 = 100).
“Some segments of the economy are turning around faster than others, resulting in positive but moderate growth,” said Ken Goldstein, economist at The Conference Board. “The biggest uncertainties remain the pace of business spending, the improvements in consumer spending power and the impact of slower global growth on U.S. exports.”