Slower Growth Confirmed By June Leading Economic Indicators

Published Friday, July 19, 2019 at: 7:00 AM EDT

A drop in the U.S. Leading Economic Index for June on Friday confirmed that decelerating growth is likely for the rest of 2019. The LEI ticked down -0.3% in June, following no change in May and ticking up by +0.1% in April. "The US LEI fell in June, the first decline since last December, primarily driven by weaknesses in new orders for manufacturing, housing permits, and unemployment insurance claims," said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. "For the first time since late 2007, the yield spread made a small negative contribution. As the US economy...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

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