Leading Economic Indicators Rose 0.3% in June

The composite index of Leading Economic Indicators was up 0.3% in June following a revised 0.7% increase in May, first reported as a 0.5% climb, the Conference Board reported Friday.

The coincident index gained 0.2% in June after a revised 0.3% rise in May, while the lagging index rose 0.5% after a revised 0.3% gain in May.

The LEI stands at 102.2, the coincident index is at 109.2 and the lagging index is at 124.4 The LEI has a baseline of 100, which reflects the level in 2004.

Economists polled by Thomson Reuters predicted LEI would grow 0.5% in the month.

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