Index of US leading indicators falls more than forecast

The index of US leading economic indicators fell more than forecast in June, a sign the US economic expansion is slowing.

19th July, 2012
US retail sales unexpectedly declined in June for a third straight month.

The index of US leading economic indicators fell more than forecast in June, a sign the US economic expansion is slowing.

The Conferences Board’s gauge of the outlook for the next three to six months decreased 0.3 per cent after a revised 0.4 per cent increase in May, the New York-based group said today. Economists projected the gauge would drop by 0.1 per cent, according to the median estimate in a Bloomberg News survey.

Retail sales...

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