Conference Board LEI for the U.S. Increased 0.4% in July

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The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.4% in July to 124.3 (2010 = 100), following a 0.3% increase in June, and a 0.2% decline in May.

"The U.S. LEI picked up again in July, suggesting moderate economic growth should continue through the end of 2016," said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. "There may even be some moderate upside growth potential if recent improvements in manufacturing and construction are sustained, and average consumer expectations don't deteriorate further."

The Conference Board Coincident Economic Index (CEI) for the U.S. increased 0.4% in July to 113.9 (2010 = 100), following a 0.2% increase in June, and a 0.1% decline in May.

The Conference Board Lagging Economic Index (LAG) for the U.S. increased 0.1% in July to 121.8 (2010 = 100), following a 0.1% decline in June, and a 0.4% increase in May. 

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.