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US leading economic index rises 0.3pc in June
WASHINGTON : A key gauge of future US economic activity rose less than expected in June as headwinds from the debt cei
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The board said its Leading Economic Index increased 0.3 percent to 115.3 after a 0.8 percent increase in May to a record 114.7, which was revised upward to 114.9.
Economists polled by Reuters had expected the index to rise 0.2 percent.
"The economy faced some recent unexpected headwinds," said Ken Goldstein, a Conference Board economist. "If these headwinds subside, the underlying trend of slow growth, as suggested by LEI, should be more apparent over the next few months."
Copyright Reuters, 2011