The composite index of Leading Economic Indicators was up 0.3% in June following an unrevised 0.2% drop in May, the Conference Board reported Thursday.
The coincident index gained 0.3% in June after an unrevised unchanged reading in May, while the lagging index dipped 0.1% after a revised 0.4% gain in May, first reported as a 0.3% rise.
The LEI stands at 123.7, the coincident index is at 113.8 and the lagging index is at 121.9 The LEI has a baseline of 100, which reflects the level in 2010.
"The U.S. LEI picked up in June, reversing its May decline," said Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. "The U.S. LEI picked up in June, reversing its May decline."
Economists polled by Thomson Reuters predicted LEI would gain 0.2% in the month.
