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US leading index rises in July

August 21, 2014

The U.S. leading economic index rose in July for the sixth consecutive month, The Conference Board reported today. The index rose 0.9 percent in July to a reading of 103.3 (2004 = 100), following a 0.6 percent increase in June and a 0.6 percent increase in May.

“The pace of economic activity remained reasonably strong in July,” said Ken Goldstein, economist at The Conference Board. “Although retail sales were a little disappointing, hiring and industrial activity improved. July’s increase in the LEI, coupled with its accelerating growth trend, points to stronger economic growth over the coming months.”