August 20, 2007
Economic Indicators up in July
By Cory Hopkins
The Conference Board's U.S. leading economic indicators index increased 0.4 percent in July, to 138.1, after a decrease of 0.3 percent in June, The Conference Board said today.
The leading indicators index is made up of 10 economic indicators. Six indicators-consumer expectations, vendor performance, inverted average weekly initial claims for unemployment insurance, real money supply, stock prices and manufacturers' new orders for consumer goods and materials-showed positive contributions to the index.
Building permits, manufacturers new orders for non-defense capital goods and interest rate spread were all down, while average weekly manufacturing hours held steady in July, according to The Conference Board.
Through July, the index was up 0.1 percent for the year. In 1996, the index stood at 100.
According to The Conference Board, the performance of the leading index so far this year suggests that the economy will grow at a slow pace in the near term.
The leading indicators index is made up of 10 economic indicators. Six indicators-consumer expectations, vendor performance, inverted average weekly initial claims for unemployment insurance, real money supply, stock prices and manufacturers' new orders for consumer goods and materials-showed positive contributions to the index.
Building permits, manufacturers new orders for non-defense capital goods and interest rate spread were all down, while average weekly manufacturing hours held steady in July, according to The Conference Board.
Through July, the index was up 0.1 percent for the year. In 1996, the index stood at 100.
According to The Conference Board, the performance of the leading index so far this year suggests that the economy will grow at a slow pace in the near term.
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