The composite index of leading economic indicators grew 0.5% in July, the Conference Board reported Thursday.
The coincident index grew 0.3% in July after an unrevised 0.1% gain in June, while the lagging index rose 0.2% after a revised 0.4% increase in June, originally reported as a 0.3% gain.
The composite LEI grew an unrevised 0.3% in June. The LEI stands at 115.8, the coincident index is at 103.3, and the lagging index is at 110.0. The index has a baseline of 100, which reflects the level in 2004.
Economists predicted LEI would be up 0.2% in the month.
