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US leading index points to moderate economic growth for rest of year

August 20, 2015

The Conference Board’s US leading economic index fell 0.2% in July to a reading of 123.3 (2010 = 100), following increases of 0.6% in both June and May.

“The US [leading economic index] fell slightly in July after four months of strong gains. Despite a sharp drop in housing permits, the US [leading economic index] is still pointing to moderate economic growth through the remainder of the year,” said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. “Current conditions, measured by the coincident economic index, have been rising moderately but steadily, driven by rising employment and income, and even industrial production has improved in recent months.”