The composite index of leading economic indicators slid 0.2% in June, the Conference Board said Thursday. LEI was revised to up 0.5% in May. The coincident index was flat in June, while the lagging index rose 0.1%.
Economists expected LEI to drop 0.3%.
“The indicators point to slower growth through the fall,” said Conference Board economist Ken Goldstein. “Industrial core improvement will moderate as inventory rebuilding slows, and there is little indication the service sector will pick up momentum.”
