The Economic Outlook Is Looking Up: Leading Indicators Rise in July
Filed under: Economy
By Jason Lange
A gauge of future U.S. economic activity improved in July on a drop in new claims for jobless benefits and an increase in housing permits, although the reading still pointed to sluggish growth ahead.
The Conference Board said on Friday its Leading Economic Index climbed 0.4 percent to 95.8, reversing a 0.4 percent decline in June.
Analysts surveyed by Reuters had forecast the index would rise 0.2 percent in July.
Fewer jobless claims last month was the biggest driver in the…
The Economic Outlook Is Looking Up: Leading Indicators Rise in July originally appeared on DailyFinance.com on 2012-08-17T12:05:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/08/17/economic-outlook-leading-indicators-rise-july/