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The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.6% in June to 127.8 (2010 = 100), following a 0.2% increase in May, and a 0.2% increase in April.
"The U.S. LEI rose sharply in June, pointing to continued growth in the U.S. economy and perhaps even a moderate improvement in GDP growth in the second half of the year," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "The broad-based gain in the U.S. LEI was led by a large contribution from housing permits, which improved after several months of weakness."
The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.2% in June to 115.5 (2010 = 100), following a 0.3% increase in May, and a 0.2% increase in April.
The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.2% in June to 124.4 (2010 = 100), following a 0.1% increase in May and a 0.3% increase in April.
About The Conference Board Leading Economic Index (LEI) for the U.S.
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading, coincident, and lagging economic indexes are essentially composite averages of several individual leading, coincident, or lagging indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
