Economic Buzz: US Economic Leading Index Deteriorates Further In June

22 Jul 2022 , 09:05 AM

Suggesting U.S. economic growth is likely to slow further in the near-term, the Conference Board released a report showing its index of leading economic indicators decreased for the fourth straight month in June. Leading economic index slumped by 0.8 percent in June after falling by a revised 0.6 percent in May. With the continued decrease, the leading economic index tumbled by 1.8 percent in the first half of 2022 following a 3.3 percent spike in the second half of 2021. Meanwhile, the report showed the coincident economic index edged up by 0.2 percent in June, matching the uptick seen in May. The Conference Board said the lagging economic index also advanced by 0.8 percent for the second consecutive month. Powered by Commodity Insights