Thursday, June 21, 2012

Leading Indicators Up in May

Marketwatch reports:

The risk of a downturn in the second half of this year is relatively low, the Conference Board said Thursday as it reported that its index of leading economic indicators rose 0.3% in May. "Economic data in general reflect a U.S. economy that is growing modestly, neither losing nor gaining momentum," said Ken Goldstein, economist at the Conference Board.

Update: while leading economic indicators held up in May, first signs of June are UGLY.

Source: Conference Board

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