Leading index points to improvement

charrison

Lifer
Oct 13, 1999
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The index of leading indicators rose 0.1 percent in June after soaring a revised 1.1 percent in May. It's the third straight increase in the index, which is designed to forecast economic performance six to nine months in advance.

"This suggests that the flat trend in the leading index over the past year may have ended, but additional months of growth are needed to determine if an upward trend has indeed developed," the board said